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MarketScreener Homepage  >  Equities  >  Xetra  >  Lufthansa Group AG    LHA   DE0008232125

LUFTHANSA GROUP AG

(LHA)
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Lufthansa : Jan Smets joins the Board of Directors of SN Airholding

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06/10/2019 | 09:58am EDT

Jan Smets, former Governor of the National Bank of Belgium, has been elected member of the Board of Directors of SN Airholding by Deutsche Lufthansa AG, shareholder of SN Airholding. With Jan Smets' arrival, Brussels Airlines is reinforcing its Board with a renowned Belgian monetary expert and economist.

An economist from Ghent University, Jan Smets joined the Research and Economics Department of the National Bank of Belgium in 1973. In 1982, he served as an expert on the Inflation and Competitiveness Committees of the Central Council for Industry and, a year later, he was appointed as Belgian expert in the EC working group on monetary policy, working on behalf of the Committee of Governors of the Central Banks of the European Economic Community. In 1986, he was appointed Chairman of the Belgian Index Commission, a position he held until 1992.

In 1994, after six years of experience within the Belgian political landscape, Jan Smets returned to the National Bank as Head of the Research and Economics Department. In 1999, he was appointed Director of the Bank. From 1999 to 2002, he was given the task of preparing for the introduction of the euro, as Commissioner-General for the Euro. In March 2015, Mr Smets started his new role as Governor of the National Bank, a position he occupied until January 2019. For several years, Mr Smets served as Vice-President of the High Council for Employment and Chairman of the Budgetary Section of the High Council of Finance. He has also held several international positions: he was member of the Governing Council of the European Central Bank, Board Member of the Bank for International Settlements and Governor of the International Monetary Fund.

'I am extremely happy and proud that Jan Smets has accepted to become a director of the SN Airholding Board. His longstanding expertise in economics, his deep international experience will be of great value for us', declared Etienne Davignon, co-Chairman of SN Airholding. 'His open mindedness perfectly corresponds with what Lufthansa, Eurowings and Brussels Airlines stand for.'

Deutsche Lufthansa AG, shareholder of SN Airholding, has appointed Jan Smets as a new board member of SN Airholding as of July 9th.

The new Board of Directors of SN Airholding consists of the following members:

Count and Minister of State Etienne Davignon (Co-Chairman)

Thorsten Dirks, Chief Executive Officer Eurowings (Co-Chairman)

Jan Smets, Former Governor of the National Bank of Belgium

Heike Birlenbach, Senior Vice President Sales Lufthansa Group Network Airlines & CCO Hub Frankfurt

Jorg Beissel, Head of Corporate Controlling at Deutsche Lufthansa AG

Wencke Lemmes

Brussels Airlines

wencke.lemmes@brusselsairlines.com

+32 2 723 85 11

+32 477 61 86 45

Kim Daenen

Brussels Airlines

kim.daenen@brusselsairlines.com

+32 2 723 84 55

+32 479 69 36 48

@kimdaenen

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LUFTHANSA GROUP AG 1.99% 15.32 Delayed Quote.-23.58%
THE NATIONAL BANK End-of-day quote.
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Financials (EUR)
Sales 2019 36 295 M
EBIT 2019 2 163 M
Net income 2019 1 322 M
Debt 2019 5 619 M
Yield 2019 4,97%
P/E ratio 2019 5,64x
P/E ratio 2020 4,03x
EV / Sales2019 0,35x
EV / Sales2020 0,35x
Capitalization 7 154 M
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Average target price 18,45  €
Last Close Price 15,06  €
Spread / Highest target 79,3%
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Spread / Lowest Target -3,69%
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Carsten Spohr Chief Executive Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Ulrik Svensson Chief Financial Officer
Roland Schütze Chief Information Officer
Matthias Wissmann Member-Supervisory Board
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