Karl-Ludwig Kley has been appointed as the new chairman of the supervisory board of Deutsche Lufthansa AG, following Wolfgang Mayrhuber’s resignation on 24 September.
Mayrhuber deliberately wanted to implement the change in office of the chairman of the supervisory board six months before the end of his term.
He said: “In the interest of continuous development and a forward looking development, I have resigned from my mandate so that Karl-Ludwig Kley can assume the position as chairman. I am convinced that he will fulfil this role as long-standing industry expert and manager with great success. I have also resigned with the reassuring knowledge that the company is showing a positive earnings trend and an overall strong performance.”
Kley holds a doctorate in law and has been a member of the supervisory board of Deutsche Lufthansa AG since 2013. From 1998 to 2006, he was CFO of Deutsche Lufthansa AG, before becoming a member of the executive board of Merck KGaA from 2006 to 2016, serving as its chairman since 2007.
Kley commented on his succession: I am very pleased about my election as chairman of the supervisory board of Deutsche Lufthansa AG. This position entails a high degree of responsibility, which I will bear in the interest of shareholders, customers, and employees. On behalf of all supervisory board members, I would like to thank Wolfgang Mayrhuber for his successful work and his great merits to the company. Wolfgang Mayrhuber not only shaped the company as chairman of the supervisory board, but also during his time as chairman of the executive board of Lufthansa Technik and CEO of the Lufthansa Group.”
Wolfgang 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. In the following years, he held different management positions of all levels within the MRO division. He contributed to the development of the company from a cost centre in the group to world market leader in its industry. In 2003 Wolfgang Mayrhuber succeeded Jürgen Weber as CEO of the Lufthansa Group. During his time as chairman of the executive board, he created the basis for Lufthansa Group’s current structure, acquiring and integrating SWISS and Austrian Airlines, investing in Brussels Airlines and establishing Germanwings. In 2013 Wolfgang Mayrhuber became chairman of the supervisory board.
Miriam Elizabeth Sapiro was proposed by the nominations committee to be appointed for the vacant seat on the supervisory board. The executive board of the company will apply for a judicial appointment of Sapiro at the district court in Cologne, until the annual general meeting of Lufthansa in May 2018.