Change in the Supervisory Board of Deutsche Lufthansa AG

WEBWIRE

  • Implementation of the settlement in between the Economic Stabilization Fund (WSF) and Lufthansa on illustration of the Federal Authorities on the Supervisory Board
  • Angela Titzrath and Michael Kerkloh are to be lawfully appointed as new associates
  • Monika Ribar and Martin Koehler will be stepping down

It is agreed, between other items, within the stabilization offer of the Economic Stabilisation Fund (WSF) of the Federal Republic of Germany for Deutsche Lufthansa AG, that the Federal Authorities may perhaps appoint two associates to the Supervisory Board of the Enterprise in its role as shareholder. This section of the settlement has now been accomplished with the appointment of Angela Titzrath and Michael Kerkloh.

Angela Titzrath and Michael Kerkloh will shortly be appointed as new associates of the Supervisory Board by court order. As agreed, the Chairman of the Supervisory Board of Deutsche Lufthansa AG, Karl-Ludwig Kley, had the right to suggest new associates and the German goverment confirmed the nominations. In order to allow the appointment of two new associates, the current Supervisory Board associates Monika Ribar and Martin Koehler are resigning from their positions with fast impact. Monika Ribar has been a member of the Supervisory Board of Deutsche Lufthansa AG because 2014.  Martin Koehler is the longest-serving member of the Supervisory Board, which he joined in 2010. His term would have finished in 2023 without him being eligible for re-election.

Karl-Ludwig Kley states: “With this modify we are fulfilling a core issue of the stabilization offer. I would like to thank Monika Ribar and Martin Koehler for their many a long time of devoted function on the Supervisory Board. With them we are getting rid of two established authorities who have constantly contributed their in depth management expertise and airline experience in the pursuits of the corporation. At the exact time, with Angela Titzrath we are gaining an experienced manager who will enrich the Supervisory Board with her broad experience from a variety of industries and firms. Her expertise in logistics and her awareness of personnel policy difficulties will be of good value to our Supervisory Board. Michael Kerkloh has successfully managed the airports in Hamburg and Munich for many a long time. He will provide his many a long time of expertise and his deep understanding of the aviation field to the Supervisory Board”.

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