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Lufthansa to shed two thirds of its board by end-June -company By Reuters

by Index Investing News
February 22, 2024
in Markets
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© Reuters. FILE PHOTO: The Lufthansa logo is pictured at Frankfurt Airport in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo

BERLIN (Reuters) – Four of the six current members of Lufthansa’s board, including its Chief Financial Officer Remco Steenbergen, will step down by the end of June, the company said on Thursday.

Michael Niggemann, board member in charge of human resources and infrastructure, will fill the CFO role on an interim basis, while Grazia Vittadini, now at Rolls-Royce (OTC:), will join the board as chief technology officer.

The board will shrink from six members to five, with Dieter Vranckx, now CEO of Lufthansa subsidiary Swiss, will become board member for global markets and international hubs.

Harry Hohmeister, global markets and networks board member, and Detlef Keyser, fleet and technology board member, will also step down.



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