At Deutsche Lufthansa, almost the entire management team is being replaced. Four of the six board members are leaving the group almost simultaneously and the supervisory board is eliminating one board position entirely. Only the chairman of the board of directors, Carsten Spohr, and the former head of human resources, Michael Niggemann, remain.
As the company surprisingly announced on Thursday evening, the Supervisory Board of Deutsche Lufthansa AG has decided on “a major restructuring of the Board of Directors”. From July 1, Lufthansa’s board of directors will only consist of five members instead of the previous six.
“After successfully overcoming the Corona crisis, the subsequent recovery of air traffic and the economic turnaround, the Lufthansa Group is starting the next phase of its business development with a reshuffle of the Board of Directors,” said a statement explaining the reasons . The restructuring coincides with the departure of four board members.
Accordingly, the terms of Harry Hohmeister, board member for “Global Markets and Network Management”, and Detlef Kayser, board member for “Fleet and Technology” will end at the end of June. At the same time, according to the information, Christina Foerster, board member for ‘brand management and sustainability’ will leave at the end of June and financial director Remco Steenbergen will leave at the beginning of May ‘by mutual agreement’. Michael Niggemann, Director of Human Resources and Infrastructure, will then temporarily take over the financial department in addition to his previous duties until the office is full.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
