ATR confirms the resignation of Christian Scherer, the CEO of the company. The news were first announced by Airbus, as Scherer is taking up the role of CCO there.

ATR issued a statement on September 13, 2018, confirming the news and noting that a new CEO will be announced “in the coming days”.

Scherer led ATR since October 2016. During this time, he made “crucial contributions to the company”, according to the company’s statement that also references “improved governance structure” among his achievements.

Airbus announced that Scherer is replacing Eric Schulz as the company’s new Chief Commercial Officer (CCO) on September 13, 2018.