airberlin: Mehdorn to assume CEO position for an interim period
Mr. Joachim Hunold's offer to step down as the company's CEO as per 1 September 2011 was accepted today by the Board of Directors of Air Berlin PLC with great respect.
Mr. Hartmut Mehdorn, who has been a member of the Board of Air Berlin PLC since 1 July 2009, will assume the position as CEO for an interim period.
Mr. Joachim Hunold will remain bound to the company as a Non-Executive Director.
In a statement, the Board explained: "With these measures, the prerequisites that air-berlin needs for a swift and comprehensive adaptation to the changed market environment are present. The Board would like to thank Joachim Hunold for his long-standing involvement at the helm of airberlin. Without Mr. Hunold's consistent efforts directed to long-term results, airberlin would not have become Germany's second-largest and Eu-rope's sixth-largest airline company. In this manner, the framework for a sustainable profitability of the company is provided."