Change in the Supervisory Board of Deutsche Lufthansa AG

WEBWIRE – Friday, August 28, 2020 Implementation of the settlement amongst the Economic Stabilization Fund

WEBWIRE

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

It is agreed, amid other issues, inside the stabilization bundle of the Economic Stabilisation Fund (WSF) of the Federal Republic of Germany for Deutsche Lufthansa AG, that the Federal Govt may appoint two customers to the Supervisory Board of the Corporation in its function as shareholder. This aspect of the settlement has now been done with the appointment of Angela Titzrath and Michael Kerkloh.

Angela Titzrath and Michael Kerkloh will before long be appointed as new customers of the Supervisory Board by courtroom purchase. As agreed, the Chairman of the Supervisory Board of Deutsche Lufthansa AG, Karl-Ludwig Kley, experienced the ideal to propose new customers and the German goverment confirmed the nominations. In purchase to empower the appointment of two new customers, the existing Supervisory Board customers Monika Ribar and Martin Koehler are resigning from their positions with rapid effect. 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 expression would have ended in 2023 without him being qualified for re-election.

Karl-Ludwig Kley says: “With this adjust we are satisfying a main problem of the stabilization bundle. I would like to thank Monika Ribar and Martin Koehler for their several years of committed work on the Supervisory Board. With them we are losing two proven professionals who have usually contributed their intensive management practical experience and airline expertise in the passions of the corporation. At the similar time, with Angela Titzrath we are gaining an skilled manager who will enrich the Supervisory Board with her wide expertise from different industries and corporations. Her practical experience in logistics and her expertise of staff plan challenges will be of fantastic worth to our Supervisory Board. Michael Kerkloh has productively managed the airports in Hamburg and Munich for several years. He will deliver his several years of practical experience and his deep comprehension of the aviation industry to the Supervisory Board”.

( Push Release Image: https://photos.webwire.com/prmedia/7/263334/263334-1.jpg )

WebWireID263334

This information material was configured by WebWire editorial personnel. Linking is permitted.

Information Release Distribution and Push Release Distribution Companies Presented by WebWire.