Lufthansa’s Spohr gets another five years as CEO

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BERLIN, March 2 (Reuters) – Carsten Spohr is to remain CEO of Lufthansa for another five years after the supervisory board agreed to extend his contract, the German flagship airline said on Thursday.

The supervisory board also agreed to extend the contract of CFO Remco Steenbergen for another five years, through 2028, Lufthansa said in a statement.

“They will be particularly important in securing a successful future for the Lufthansa Group,” Supervisory Board Chairman Karl-Ludwig Kley said.

Spohr, a 56-year-old engineer and pilot, has led the airline since 2014, guiding it through a collapse in demand triggered by the COVID-19 pandemic and a subsequent government bailout that saw the state take a 20% stake in the company.

The German government has since sold its stake, putting Lufthansa back in the hands of private investors.

Steenbergen has served as Lufthansa’s CFO since the start of 2021.

Photo: Chief Executive Officer (CEO) of Lufthansa AG Carsten Spohr. EPA-EFE/HASAN BRATIC

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