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Lufthansa CEO Spohr to have contract extended - Handelsblatt

February 07, 2023 at 06:41 am EST

BERLIN (Reuters) - Lufthansa CEO Carsten Spohr is to have his contract extended, the Handelsblatt business daily reported on Tuesday.

The supervisory board supports extending his position at the head of the group by another five years, while finance chief Remco Steenbergen's contract will also be extended, the report said, citing unnamed sources.

Lufthansa declined to comment on the reported contract extensions.

Spohr, a 56-year-old industrial engineer and pilot, has headed the Lufthansa Group since May 2014. The pandemic and the crash of a plane belonging to subsidiary Germanwings in the French Alps in 2015 have been the biggest challenges of his tenure so far.

(Reporting by Ilona Wissenbach, Writing by Friederike Heine; Editing by Paul Carrel)

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Carsten Spohr

Mr. Carsten Spohr is a Chairman-Executive Board & CEO at Deutsche Lufthansa AG, a Chairman-Governors Board at International Air Transport Association and a Chairman-Supervisory Board at Lufthansa Technik AG. He is on the Board of Directors at Münchener Rückversicherungs-Gesellschaft AG, Sandown Motor Holdings Pty Ltd. and SN Airholding SA. Mr. Spohr was previously employed as an Independent Member-Supervisory Board by ThyssenKrupp AG, a Chief Executive Officer by Lufthansa Cargo AG, a Chairman-Executive Board & Chief Executive Officer by Lufthansa German Airlines, a Member-Managing Board by Lufthansa Passage Airlines, a Chairman-Supervisory Board by Germanwings GmbH, a Chief Financial Officer & Executive Director by Mercedes-Benz South Africa Ltd., and a Chief Executive Officer by PrivatAir SA. He also served on the board at Dr. August Oetker KG. He received his undergraduate degree from the University of Karlsruhe.

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