Lufthansa names Christoph Franz as new CEOSeptember 23rd, 2010 - 7:12 pm ICT by BNO News
FRANKFURT, GERMANY (BNO NEWS) — Deutsche Lufthansa AG has announced that Christoph Franz will become the airline’s new chairman and Chief Executive Officer (CEO) as of next year.
Lufthansa’s announcement was expected as current CEO Wolfgang Mayrhuber is expected to retire at the end of the year after almost 8 years in the position.
Franz, 50, of Frankfurt, Germany, was appointed as deputy CEO 18 months ago. The change at the helm of the Group shall take place with effect from January 1, 2011.
Also with effect from the start of 2011, the members of the Supervisory Board appointed Carsten Spohr, 43, of Wanne-Eickel, Germany, to the Executive Board of the Lufthansa Group. As head of Lufthansa German Airlines he shall also occupy the position of CEO and Chairman of the Lufthansa German Airlines Board.
“Our company is characterized by a responsible personnel and executive development guided by foresight and it is this very development that regularly assures us an outstanding management team,” commented Supervisory Board Chairman Jürgen Weber.
Franz will be responsible for the Lufthansa Group and its five business segments: the Passenger Airline Group, Logistics, MRO, IT Services and Catering with a total of over 116,000 employees worldwide.
Spohr will assume responsibility for Lufthansa German Airlines and its over 37,000 staff worldwide on the Executive Board of the Lufthansa Group.
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