Change in the Supervisory Board of Deutsche Lufthansa AG
- Implementation of the settlement involving the Economic Stabilization Fund (WSF) and Lufthansa on representation of the Federal Govt on the Supervisory Board
- Angela Titzrath and Michael Kerkloh are to be legally appointed as new members
- Monika Ribar and Martin Koehler will be stepping down
It is agreed, among the other things, within the stabilization offer of the Economic Stabilisation Fund (WSF) of the Federal Republic of Germany for Deutsche Lufthansa AG, that the Federal Govt might appoint two members to the Supervisory Board of the Corporation in its function as shareholder. This section of the settlement has now been completed with the appointment of Angela Titzrath and Michael Kerkloh.
Angela Titzrath and Michael Kerkloh will soon be appointed as new members of the Supervisory Board by court docket buy. As agreed, the Chairman of the Supervisory Board of Deutsche Lufthansa AG, Karl-Ludwig Kley, experienced the right to suggest new members and the German goverment verified the nominations. In buy to allow the appointment of two new members, the recent Supervisory Board members Monika Ribar and Martin Koehler are resigning from their positions with rapid result. Monika Ribar has been a member of the Supervisory Board of Deutsche Lufthansa AG considering the fact that 2014. Martin Koehler is the longest-serving member of the Supervisory Board, which he joined in 2010. His term would have ended in 2023 with out him becoming eligible for re-election.
Karl-Ludwig Kley states: With this modify we are satisfying a core affliction of the stabilization offer. I would like to thank Monika Ribar and Martin Koehler for their lots of decades of committed get the job done on the Supervisory Board. With them we are shedding two tested gurus who have always contributed their substantial management knowledge and airline knowledge in the passions of the corporation. At the exact time, with Angela Titzrath we are attaining an knowledgeable supervisor who will enrich the Supervisory Board with her wide knowledge from numerous industries and organizations. Her knowledge in logistics and her information of staff coverage problems will be of terrific worth to our Supervisory Board. Michael Kerkloh has effectively managed the airports in Hamburg and Munich for lots of decades. He will provide his lots of decades of knowledge and his deep comprehension of the aviation industry to the Supervisory Board.
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