Ulrik Svensson named new chief financial officer of Deutsche Lufthansa AG

Ulrik Svensson named new chief financial officer of Deutsche Lufthansa AG

Posted By : STAT Times 02-07-2016 00:00:00

July 02, 2016: Ulrik Svensson has been appointed to the Executive Board of Deutsche Lufthansa AG to serve as the company’s chief financial officer. He will assume his new duties on January 1, 2017, with a contract of employment valid until December 31, 2019.

For the interim period between Simone Menne’s departure and Ulrik Svensson’s assumption of his new duties, Carsten Spohr, chairman of the Executive Board & CEO of Deutsche Lufthansa AG, will head the company’s Finance division in addition to his CEO duties.

“Ulrik Svensson adds further knowledge of our industry and has previous experience as an airline CFO, and has also been successfully leading and further developing an international group of stock market-listed companies active in a wide range of fields as a CEO. With his broad international experience, his proven aviation expertise and his personality he will further strengthen our Executive Board team,” says Wolfgang Mayrhuber, Chairman of the Supervisory Board of Deutsche Lufthansa AG.

“Ulrik Svensson is an acknowledged financial expert who can draw on years of experience with the international capital markets,” adds Carsten Spohr.

Ulrik Svensson is currently chief executive officer of Melker Schörling AB (MSAB), a position he has held since 2006. MSAB is a long-term-oriented and stock market-listed investment company with holdings in six companies: AAK, ASSA ABLOY, Hexagon (Leica), Hexpol, Loomis and Securitas.

Svensson serves on the supervisory boards or the boards of directors and as chair of the audit committees of five of these companies and of Flughafen Zürich AG, the Zurich airport authority.

Prior to his present CEO position, Ulrik Svensson served as managing director Finance and CFO of Swiss International Air Lines from 2003 to 2006.

He succeeds Simone Menne, who, by agreement with the Executive and Supervisory Boards, will leave the company on August 31, 2016.

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