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Photo: Andreas Arnold / dpa
Lufthansa is reducing its board of directors and reorganizing the management board.
The company surprisingly announced that the Supervisory Board had decided on “a far-reaching restructuring of the Executive Board.”
Accordingly, a surprising four out of six board members are leaving.
The chairman of the board, Carsten Spohr, and the previous head of human resources, Michael Niggemann, will remain.
In addition, from July onwards, the board will only consist of five members instead of six.
With the realignment of the board, the next phase of the company's development begins after the recovery from the corona pandemic, it was said.
The challenges for the industry continue to be enormous, explained Supervisory Board Chairman Karl-Ludwig Kley.
“We want to tackle it with new momentum and a changed team that combines even more international experience and diverse perspectives.”
CFO Remco Steenbergen will leave the group in May.
Christina Foerster (sustainability), Harry Hohmeister (network management) and Detlef Kayser (fleet/technology) will follow at the end of June.
Niggemann will temporarily take over the management of the finance department until the position is filled.
Spohr's contract runs until the end of 2028.
Grazia Vittadini, who comes from Rolls-Royce, is new to the management as head of technology.
She recently only worked in an advisory role at the engine manufacturer; she was previously head of technology at Airbus.
Dieter Vranckx, currently head of the subsidiary airline Swiss, will take over from Hohmeister as responsible for global markets and hub control.
Investors took the news calmly.
The company's share price initially barely reacted on the Tradegate trading platform.
kim/dpa/Reuters