Soeren Stark is to become new Chairman of the Executive Board of Lufthansa Technik (LHT). Dr. Johannes Bussmann to leave the company at his own request later this year.
After more than seven years in his current role and 10 years on the Executive Board, he will hand over leadership of the company to COO Soeren Stark (55).
Stark has been a member of the Executive Board of Lufthansa Technik since 2019. He previously held a number of other executive functions at Lufthansa Cargo and Lufthansa Technik. Subject to the approval of the Supervisory Board, he will assume his new role on 1 July 2022. Johannes Bussmann assumed leadership of the world's leading provider of technical services in aviation in 2015 after overseeing human resources on the Executive Board for three years. After leaving Lufthansa Technik, he will become CEO of a major German technology company.
Johannes Bussmann said: "I am really proud to have been a part of this success story and to have had the opportunity to lead this company over the past seven years. The time has come for me to take on new responsibilities outside the aviation industry. It is a challenge that I am looking forward to tackling."
Soeren Stark, joined Lufthansa Technik's Executive Board as Chief Operations Officer in January 2019. In this role, he is responsible for Technical Operations and Logistics. Previously, Stark headed the Executive Board department Operations at Lufthansa Cargo AG for three years. He began his career at Lufthansa Technik in 2004 as Managing Director of Lufthansa Technik Logistik in Hamburg. From 2011 to 2016, the industrial engineer headed the aircraft overhaul business at Lufthansa Technik AG.
Commenting on the appointment, Detlef Kayser said, "Soeren Stark has distinguished himself in various positions in our Group and achieved much. At Lufthansa Technik, he has demonstrated his abilities as an excellent manager as he developed our worldwide overhaul network and played a key role in the restructuring work performed during the corona crisis, among other areas. With his high level of expertise, experience and leadership, he will lead Lufthansa Technik successfully into the future."
Kayser also said the early succession arrangement would ensure continuity at the top of Lufthansa Technik. It is a decision that will enable the company to defend and expand its position as the
world's leading provider of technical services, he noted.