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Why Airbus Stock Slipped on Friday

TheMotleyFool

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Why Airbus Stock Slipped on Friday: https://g.foolcdn.com/editorial/images/819442/airbus-a320-take-off.jpg

Airbus (OTC: EADSY) stock sank 2.2% in afternoon trading, 3:10 p.m. ET, on news of a bit of a management shake-up.

As Reuters reports, Airbus named Remi Maillard, currently head of Airbus India and South Asia, to lead its Research Technology division as "Head of Technology Airbus" at the same time as he runs engineering at the company's core commercial airplanes business. Curiously, Airbus seems to have eliminated the title of "Chief Technology Officer" from its management team, however.

Image source: Getty Images.

Source Fool.com