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Aviation Industry

Change at the top of the Lufthansa Supervisory Board

septiembre 26, 2017

Prior to today’s regular Supervisory Board meeting of Deutsche Lufthansa AG, Wolfgang Mayrhuber, Chairman of the Supervisory Board, informed members of the board that he would resign from office on September 24, 2017. Consequently, today, the Supervisory Board elected Karl-Ludwig Kley as the new Chairman. Kley holds a Doctorate in law and has been a member of the Supervisory Board of Deutsche Lufthansa AG since 2013. From 1998 to 2006, he was CFO of Deutsche Lufthansa AG before becoming a member of the Executive Board of Merck KGaA from 2006 to 2016, serving as its Chairman since 2007.

Mayrhuber deliberately wanted to implement the change in office of the Chairman of the Supervisory Board six months before the end of his term: “In the interest of continuous development and a forward looking development, I have resigned from my mandate so that Karl-Ludwig Kley can assume the position as Chairman. I am convinced that he will fulfil this role as a long-standing industry expert and manager with great success,” said Mayrhuber. “I have also resigned with the reassuring knowledge that the company is showing a positive earnings trend and an overall strong performance.”

Karl-Ludwig Kley took over for Wolfgang Mayrhuber at today’s meeting. He brings with him many years of international management experience, strategic vision and proven financial expertise.

“I am very pleased about my election as Chairman of the Supervisory Board of Deutsche Lufthansa AG. This position entails a high degree of responsibility, which I will bear in the interest of shareholders, customers and employees. On behalf of all Supervisory Board members, I would like to thank Wolfgang Mayrhuber for his successful work and his great merits to the company,” said Kley. “Wolfgang Mayrhuber not only shaped the company as Chairman of the Supervisory Board, but also during his time as Chairman of the Executive Board of Lufthansa Technik and CEO of the Lufthansa Group.”

Wolfgang Mayrhuber, who has served the company for more than 40 years, began his career at Lufthansa in 1970 as an engineer in engine maintenance in Hamburg. In the following years, he held different management positions of all levels within the MRO division. He contributed to the development of the company from a “cost center” in the group to the world market leader in its industry. In 2003 Wolfgang Mayrhuber succeeded Jürgen Weber as CEO of the Lufthansa Group. During his time as Chairman of the Executive Board, he created the basis for Lufthansa Group’s current structure by acquiring and integrating SWISS and Austrian Airlines, investing in Brussels Airlines and establishing Germanwings. In 2013, Wolfgang Mayrhuber became Chairman of the Supervisory Board.

“I would like to express my sincere thanks to all members of the Supervisory Board and the Executive Board for their trusting cooperation over the past few years,” said Mayrhuber. “We have – even in difficult times – always cultivated a good and constructive exchange on both a professional and personal level.”

Miriam Elizabeth Sapiro was proposed by the Nominations Committee to be appointed for the vacant seat on the Supervisory Board. The Executive Board of the company will apply for a judicial appointment of Ms. Shapiro at the district court in Cologne by the annual general meeting of Lufthansa in May 2018.

Shapiro has more than 25 year of international experience in various economic and government roles and is currently a partner at the International Communications Consultancy Finsbury, heading the company’s office in Washington.

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Fuente: Lufthansa

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