Four top talent are eliminated
Lufthansa plows up the board
February 22, 2024, 9:49 p.m
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Lufthansa is starting a restructuring of its boardroom. The management board is to shrink and be realigned. Four board members are leaving at the same time. The airline is hoping for new momentum.
At Deutsche Lufthansa, almost the entire management team is being replaced. Four of the six board members are leaving the group almost at the same time, and the supervisory board is also eliminating one board position entirely. Only the chairman of the board, Carsten Spohr, and the previous head of human resources, Michael Niggemann, remain. As the company announced, the supervisory board of Deutsche Lufthansa AG has decided on a “far-reaching restructuring of the board of directors”. From July 1st, the Lufthansa management board will only have five members instead of the previous six.
“After successfully overcoming the Corona crisis, the subsequent recovery in air traffic and the economic turnaround, the Lufthansa Group is starting the next phase of its corporate development with a realignment of the Board of Directors,” it said in a statement. The restructuring coincides with the departure of four board members. The terms of office of Harry Hohmeister, board member for “Global Markets and Network Management,” and Detlef Kayser, board member for “Fleet and Technology” will end in the current year.
New momentum with a changed team
At the same time, according to the information, Christina Foerster, board member for “brand management and sustainability” and finance director Remco Steenbergen are leaving “by mutual agreement”. Michael Niggemann, Director of Human Resources and Infrastructure, will then temporarily take over the finance department in addition to his previous duties. Chairman of the Supervisory Board Karl-Ludwig Kley said that the challenges facing the industry and the company were different than in previous years, but that they remained enormous.
“We want to tackle it with new energy and a changed team that combines even more international experience and diverse perspectives.” The interaction with our customers, investors, partners, but also the cooperation within the Lufthansa Group requires more than ever “a strong understanding of the team. We also expect this from our new management team.”