Lufthansa Technik Reduces Its Executive Board from Four to Three Members

As part of the restructuring program RISE, Lufthansa Technik AG will change the structure of its Executive Board responsibilities. In future, the Executive Board will consist of a Chief Executive Officer (CEO), a Chief Operating Officer (COO) and a Board member for Finance and Human Resources.

The COO will then carry responsibility for all operating divisions. As part of this reorganization, Constanze Hufenbecher (currently Chief Financial Officer and responsible for the VIP & Special Mission Aircraft Services business unit) and Antonio Schulthess (currently responsible for human resources, lean and process management and the Engines and Aircraft Systems business units) have decided to leave Lufthansa Technik at the end of the year to pursue new entrepreneurial challenges.

Constanze Hufenbecher and Antonio Schulthess to leave the company at the end of the year. “We thank Constanze Hufenbecher for her very successful work at Lufthansa Technik,” said Dr Detlef Kayser, Chairman of the Supervisory Board. “She has considerably professionalized the processes in the areas of finance, purchasing, legal and foreign trade as well as infrastructure and has significantly increased both their efficiency and effectiveness.”

Constanze Hufenbecher has made a major contribution to gearing the management of the Lufthansa Technik Group even more strongly towards profitability and cash flow, thus laying the foundation for the company to remain capable of acting and maneuvering even in the most severe crisis in aviation. She has further succeeded in stabilizing the VIP & Special Mission Aircraft Services business unit and, together with the management team there, in developing it to its current earnings strength.

“Antonio Schulthess has played a key role in shaping the Lufthansa Group for many years, and very successfully so, in very diverse top management positions. We are very grateful for this,” added Dr Detlef Kayser. “As a member of the Executive Board, he has continuously improved the performance of Lufthansa Technik’s human resources department and has thus played a major role in shaping the company’s worldwide growth by well over 4,000 employees in recent years.”

Under the leadership of Antonio Schulthess, the Engines and Aircraft Systems business units have set further important milestones, including the contractual linking of the CFM LEAP engine type to Hamburg, the opening of the two major engine joint ventures XEOS and EME Aero in Poland, the establishment of the global Mobile Engine Services network and the successful turnaround of the Landing Gear product segment.

The Supervisory Board of Lufthansa Technik AG very much regrets that the company is losing two exceptionally successful and valued leaders in the course of restructuring and wishes Constanze Hufenbecher and Antonio Schulthess all the best for their new challenges.

The Supervisory Board will soon decide on the appointment of the new Executive Board member for the Finance and Human Resources departments. Dr Johannes Bussmann remains CEO of Lufthansa Technik, while Soeren Stark will continue in his responsibility for the operational business as COO.

With some 35 subsidiaries and affiliates, the Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as maintenance, production and design organization, the company has a workforce of more than 22,000 employees. Lufthansa Technik’s portfolio covers the entire range of services for commercial and VIP/special mission aircraft, engines, components and landing gear in the areas of digital fleet support, maintenance, repair, overhaul, modification, completion and conversion as well as the manufacture of innovative cabin products.

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