{"id":24180,"date":"2015-12-11T17:58:34","date_gmt":"2015-12-11T17:58:34","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2015\/12\/11\/mayer-appointed-chairman-chief-executive-at-nexter\/"},"modified":"2026-08-07T22:03:17","modified_gmt":"2026-08-07T22:03:17","slug":"mayer-appointed-chairman-chief-executive-at-nexter","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/industry\/2015\/12\/11\/mayer-appointed-chairman-chief-executive-at-nexter\/","title":{"rendered":"Mayer Appointed Chairman, Chief Executive at Nexter"},"content":{"rendered":"\n<p>PARIS<span class=\"rte rte-comment\"> \u2013<\/span>\u200b \u2014\u00a0The French government said Dec. 11 St\u00e9phane Mayer will be appointed\u00a0as chairman and chief executive of land weapons maker Nexter Systems and will also be co-chairman of the joint venture with Krauss-Maffei Wegmann.<br\/><br\/>Mayer succeeds Philip Burtin, who served six years as Nexter chairman and helped set up the French-German joint venture.<br\/><br\/>The appointment will be effective Dec. 15, which will also mark the formal completion of the creation of the KMW and Nexter joint venture, a statement from the nations&#8217;\u00a0defense, economy and finance ministers said.<br\/><br\/>The ministers welcomed the appointment of Mayer, which was decided by a Dec. 8 board meeting of state-owned Giat Industries, the statement said.<br\/><br\/>Mayer and Frank Haun, chairman of KMW, will be co-chairmen of the KMW-Nexter joint venture, intended as a big step in European consolidation of the arms industry.<br\/><br\/>&#8220;<span class=\"rte rte-comment\">&#8220;<\/span>\u200bPhilippe Burtin wanted to bring forward his departure set by the statutory closing of his mandate at the end of 2016,&#8221; the ministries said.<br\/><br\/>Website La Tribune reported that Burtin was leaving early because the government had not agreed with his insisting there be a guaranteed minimum five-year contract for the co-chairman of the joint venture, and there had been disagreement on the pace of integration on the joint venture.<br\/><br\/>Mayer was chief executive of the privately owned Daher group and head of its defense and aeronautics division. He had previously been chairman of the French-Italian ATR regional aircraft company and EADS Socata.<br\/><br\/>&#8220;He brings an acknowledged experience in industrial development, commercial performance \u2014\u00a0<span class=\"rte rte-comment\">&#8212; <\/span>\u200bparticularly in exports, and company management, which will allow Nexter to make a significant contribution to developing the company which will come out of the alliance,&#8221; the ministers said.<br\/><br\/>The new company will be a 50-<span class=\"rte rte-comment\">:<\/span>\u200b50 joint venture registered in Amsterdam, held by France and the Bode-Wegmann family. The co-chairmen will manage the businesses of KMW and Nexter, which between them report almost \u20ac2 billion ($2.2 billion) of annual sales and employ 6,000 staff members.<br\/><br\/>Burtin worked 15 years at Nexter, six of which as chairman, and built up the business to prepare the company for &#8220;this strategic European alliance,&#8221; the ministers said.<br\/><br\/>\u00a0<br\/><br\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French government said Dec. 11 St\u00e9phane Mayer will be appointed as chairman and chief executive of land weapons maker Nexter Systems and will also be co-chairman of the joint venture with Krauss-Maffei Wegmann.<\/p>\n","protected":false},"author":7,"featured_media":52006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":12,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[33,12,19],"tags":[],"coauthors":[464],"class_list":["post-24180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-industry","category-pentagon"],"acf":{"subheadline":"","legacy_arc_id":"RQPHZZQ6QZAWFOK3CRPXJ7DS5Q","arc_canonical_url":"\/industry\/2015\/12\/11\/mayer-appointed-chairman-chief-executive-at-nexter\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented 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