Lufthansa CEO Steps Down From Thyssenkrupp Supervisory Board
27 September 2019 - 7:53AM
Dow Jones News
By Pietro Lombardi
Thyssenkrupp AG (TKA.XE) said late Thursday that Deutsche
Lufthansa AG (LHA.XE) Chief Executive Carsten Spohr has resigned
from the steelmaker's supervisory board with immediate effect.
The resignation is a move to smooth the planned appointment of
Martina Merz as chief executive of the steelmaker.
Ms. Merz has been a member of Lufthansa supervisory board since
2016. The resignation of Mr. Spohr, who had held the position since
2013, removes the risk of cross-link, the company said.
"With his resignation, Carsten Spohr enables Martina Merz to be
appointed CEO of Thyssenkrupp AG, as planned after approval by the
supervisory board, and at the same time to remain on the
supervisory board of Deutsche Lufthansa AG," the company said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 27, 2019 01:38 ET (05:38 GMT)
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