Lufthansa: Franz will not be available for a renewal of his contract
Lufthansa needs a new CEO: Christoph Franz, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, has announced that he will not extend his contract when it expires on 31 May 2014.
German business media reported that Franz will move to pharmazeuticals giant Roche. “I regret Christoph Franz’s decision to develop his career in a different direction”, explained Wolfgang Mayrhuber. “As Chairman of the Supervisory Board of Deutsche Lufthansa AG, I trust that in the remaining months he will be able to bring his work for our Company to a successful conclusion”, added Mayrhuber. “Under Franz’s leadership, Lufthansa Group has built on its position as a leading European aviation group. His forward-looking decisions form the basis for our company to continue its successful development”, continued Wolfgang Mayrhuber.