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DEUTSCHE LUFTHANSA AG

(LHA)
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Deutsche Lufthansa : Lufthansa Technik appoints Dr. William Willms as CFO

09/10/2021 | 05:01am EDT

The Supervisory Board of the company has appointed Dr. William Willms (54) as a member of the Executive Board with effect from September 1 for three years. Dr. Willms will take over the Finance department. He thus completes the Lufthansa Technik Executive Board, which already includes the CEO Dr. Johannes Bussmann and Soeren Stark as COO of the company.

"William Willms has successfully held various responsible positions in the Lufthansa Group over the past 13 years. Among other things, at Lufthansa Technik and most recently as Head of Group Strategy in Frankfurt, he has contributed his skills and experience. He has the right profile for the finance department on the Executive Board of Lufthansa Technik and is an excellent addition to the company's management body," said the Chairman of the Supervisory Board of Lufthansa Technik and Member of the Executive Committee of Deutsche Lufthansa AG, Dr. Detlef Kayser.

After working in the financial sector, the doctor of law joined the Lufthansa group in 2008, initially as Director Finance at Lufthansa Technik. In 2013, he took over as Head of Finance. In 2016, he moved to Lufthansa AG as Vice President Corporate Strategy. In 2019, he became Senior Vice President Corporate Strategy, and since May 2020, he has been Executive Vice President Group & Airline Strategy, Business Development, Organizational Development, M&A and Special Projects. At the same time, he became Member of the Group Executive Committee of Deutsche Lufthansa AG.

The tasks of the Labour Director at Lufthansa Technik remain the responsibility of the Chairman of the Executive Board until further notice.

Copyright 2021 Future Aviation Media Pvt Ltd, distributed by Contify.com, source Contify News

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Sales 2021 16 848 M 19 616 M 19 616 M
Net income 2021 -2 283 M -2 658 M -2 658 M
Net Debt 2021 11 252 M 13 100 M 13 100 M
P/E ratio 2021 -1,92x
Yield 2021 -
Capitalization 6 537 M 7 604 M 7 611 M
EV / Sales 2021 1,06x
EV / Sales 2022 0,66x
Nbr of Employees 108 072
Free-Float 84,3%
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Number of Analysts 21
Last Close Price 5,47 €
Average target price 6,35 €
Spread / Average Target 16,2%
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Carsten Spohr Chief Executive Officer
Remco J. Steenbergen Chief Financial Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Roland Schütze Chief Information Officer
Ola Hansson Chief Operating Officer
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