Karl-Ludwig takes over as chairman at Lufthansa

Karl-Ludwig Takes Over As Chairman At Lufthansa

The board of Lufthansa has elected Karl-Ludwig Kley as the brand-new chairman.

Karl-Ludwig Takes Over As Chairman At Lufthansa

The decision comes after Wolfgang Mayrhuber informed members of the board which he might resign through office ahead of the annual general meeting of the company.

Karl-Ludwig Takes Over As Chairman At Lufthansa

Kley holds a doctorate in law along with has been a member of the supervisory board of Deutsche Lufthansa since 2013.

Karl-Ludwig Takes Over As Chairman At Lufthansa

through 1998-2006, he was chief financial officer of Deutsche Lufthansa before becoming a member of the executive board of Merck through 2006-2016, serving as its chairman since 2007.

Karl-Ludwig Takes Over As Chairman At Lufthansa

Mayrhuber deliberately wanted to implement the change in office of the chairman of the board six months before the end of his term.

Karl-Ludwig Takes Over As Chairman At Lufthansa

He explained: “within the interest of continuous development along using a forward-looking development, I have resigned through my mandate generating sure which Karl-Ludwig Kley can assume the position as chairman.

Karl-Ludwig Takes Over As Chairman At Lufthansa

“I am convinced which he will fulfil This kind of role as a long-standing industry expert along with manager with great success.

“I have also resigned with the reassuring knowledge which the company will be showing a positive earnings trend along with an overall strong performance.”

Mayrhuber, who has served the company for more than 40 years, began his career at Lufthansa in 1970 as an engineer in engine maintenance in Hamburg.

within the following years, he held different management positions of all levels within the maintenance division.

In 2003 Mayrhuber succeeded Jürgen Weber as chief executive of the Lufthansa Group.

During his time as chairman he created the basis for Lufthansa Group’s current structure by acquiring along with integrating SWISS along with Austrian Airlines, investing in Brussels Airlines along with establishing Germanwings.

In 2013, Mayrhuber became chairman of the supervisory board.

“I am very pleased about my election as chairman of the board of Deutsche Lufthansa.

“This kind of position entails a high degree of responsibility, which I will bear within the interest of shareholders, customers along with employees.

“On behalf of all board members, I might like to thank Wolfgang Mayrhuber for his successful work along with his great merits to the company,” said Kley.

Karl-Ludwig takes over as chairman at Lufthansa

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