Europe

Lufthansa Technik reduces its Executive Board from four to three members

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Lufthansa Technik reduces its Executive Board from four to three members

As part of the restructuring program RISE, Lufthansa Technik will change the structure of its Executive Board responsibilities. In future, the Executive Board will consist of a Chief Executive Officer (CEO), a Chief Operating Officer (COO) and a Board member for Finance and Human Resources. The COO will then carry responsibility for all operating divisions.

As part of this reorganisation, Constanze Hufenbecher (currently Chief Financial Officer and responsible for the VIP & Special Mission Aircraft Services business unit) and Antonio Schulthess (currently responsible for human resources, lean and process management and the Engines and Aircraft Systems business units) have decided to leave Lufthansa Technik at the end of the year to pursue new entrepreneurial challenges.

"We thank Constanze Hufenbecher for her very successful work at Lufthansa Technik," said Dr Detlef Kayser, Chairman of the Supervisory Board. "She has considerably professionalized the processes in the areas of finance, purchasing, legal and foreign trade as well as infrastructure and has significantly increased both their efficiency and effectiveness."

"Antonio Schulthess has played a key role in shaping the Lufthansa Group for many years, and very successfully so, in very diverse top management positions. We are very grateful for this," added Dr Detlef Kayser. "As a member of the Executive Board, he has continuously improved the performance of Lufthansa Technik's human resources department and has thus played a major role in shaping the company's worldwide growth by well over 4,000 employees in recent years."

The Supervisory Board of Lufthansa Technik states that it very much regrets that the company is losing two exceptionally successful and valued leaders in the course of restructuring and “wishes Constanze Hufenbecher and Antonio Schulthess all the best for their new challenges”.

The Supervisory Board will soon decide on the appointment of the new Executive Board member for the Finance and Human Resources departments. Dr Johannes Bussmann remains CEO of Lufthansa Technik, while Soeren Stark will continue in his responsibility for the operational business as COO.