"Restructuring"

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As the company surprisingly announced on Thursday evening, the Supervisory Board of Deutsche Lufthansa AG has decided on "a far-reaching restructuring of the Executive Board".

(Bild: AP)

Almost the entire management team at Deutsche Lufthansa is being replaced. Four of the six Executive Board members are leaving the Group almost simultaneously, and the Supervisory Board is eliminating one Executive Board position entirely. Only the Chairman of the Executive Board, Carsten Spohr, and the current Chief Human Resources Officer, Michael Niggemann, will remain.

As the company surprisingly announced on Thursday evening, the Supervisory Board of Deutsche Lufthansa AG has decided on a "far-reaching restructuring of the Executive Board". As of July 1, the Lufthansa management board will have only 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 entering the next phase of its corporate development with a realignment of the Executive Board," it said in a statement explaining the decision. The restructuring coincides with the departure of four members of the Executive Board.

After successfully overcoming the corona crisis, the subsequent recovery of air traffic and the economic turnaround, the Lufthansa Group is entering the next phase of its corporate development with a realignment of the Executive Board.

Mitteilung der Lufthansa

The terms of office of Harry Hohmeister, Executive Board member responsible for Global Markets and Network Management, and Detlef Kayser, Executive Board member responsible for Fleet and Technology, are due to expire at the end of June. At the same time, Christina Foerster, Board Member for Brand Management and Sustainability, will leave at the end of June and Remco Steenbergen, Board Member for Finance, will leave at the beginning of May "by mutual agreement". Michael Niggemann, Chief Human Resources and Infrastructure Officer, will then take over the finance department on an interim basis in addition to his current duties until a new appointment is made.