December 6, 2021

Dumbflashgames

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Change in the Supervisory Board of Deutsche Lufthansa AG

2 min read

WEBWIRE

  • Implementation of the agreement between the Financial Stabilization Fund (WSF) and Lufthansa on representation of the Federal Government on the Supervisory Board
  • Angela Titzrath and Michael Kerkloh are to be legally appointed as new associates
  • Monika Ribar and Martin Koehler will be stepping down

It is agreed, among other factors, inside of the stabilization package of the Financial Stabilisation Fund (WSF) of the Federal Republic of Germany for Deutsche Lufthansa AG, that the Federal Government might appoint two associates to the Supervisory Board of the Company in its part as shareholder. This component of the agreement has now been finished with the appointment of Angela Titzrath and Michael Kerkloh.

Angela Titzrath and Michael Kerkloh will quickly be appointed as new associates of the Supervisory Board by court docket get. As agreed, the Chairman of the Supervisory Board of Deutsche Lufthansa AG, Karl-Ludwig Kley, experienced the appropriate to propose new associates and the German goverment confirmed the nominations. In get to enable the appointment of two new associates, the existing Supervisory Board associates Monika Ribar and Martin Koehler are resigning from their positions with instant influence. Monika Ribar has been a member of the Supervisory Board of Deutsche Lufthansa AG considering that 2014.  Martin Koehler is the longest-serving member of the Supervisory Board, which he joined in 2010. His phrase would have ended in 2023 without having him being qualified for re-election.

Karl-Ludwig Kley claims: “With this transform we are fulfilling a core problem of the stabilization package. I would like to thank Monika Ribar and Martin Koehler for their numerous several years of dedicated perform on the Supervisory Board. With them we are losing two confirmed authorities who have often contributed their in depth management experience and airline skills in the passions of the firm. At the similar time, with Angela Titzrath we are gaining an experienced manager who will enrich the Supervisory Board with her broad skills from a variety of industries and companies. Her experience in logistics and her knowledge of staff coverage concerns will be of good worth to our Supervisory Board. Michael Kerkloh has effectively managed the airports in Hamburg and Munich for numerous several years. He will bring his numerous several years of experience and his deep understanding of the aviation industry to the Supervisory Board”.

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