Lufthansa press release: Walter Gehl appointed LSG's Chief Executive Officer
Supervisory Board approves reduction of Executive Board
The Supervisory Board of LSG Lufthansa Service Holding AG appointed Walter Gehl as Chief Executive Officer and assigned a seat on the Board to Jochen Müller at its meeting today. As long since planned, Ulrich Bröscher and Hans Albrecht stepped down today from the Executive Board of LSG Holding at their own request. Thomas Nagel will, as announced last year, succeed Ulrich Bröscher.
As a further step in the restructuring of LSG, the Supervisory Board has reduced the number of Executive Board positions from four to three. Walter Gehl (52), interim CEO since November 2004, will in future as Chief Executive Officer be responsible for Finance, Human Resources and IT as well as the Corporate Functions. Jochen Müller (43), an internationally experienced manager, will head the newly created Solutions Division with responsibility for creating innovative inflight service solutions for the airline business. Jochen Müller was previously responsible as Chief Operating Officer for the Europe/Middle East/Africa region at LSG Sky Chefs.
Ulrich Bröscher (60), previously in charge of the Operations Division, is going into retirement after 30 years’ service with LSG and two extensions of his term on the Executive Board. His successor, Thomas Nagel (55), will also oversee sales activities alongside his responsibility for Operations.
Hans Albrecht (58) had been in charge of Human Resources on the LSG Holding Executive Board since March 2002. He was additionally responsible for LSG’s organizational realignment within a worldwide program aimed at reducing administrative cost over the past two years. Hans Albrecht is stepping down for personal reasons.
The LSG Supervisory Board is indebted to Ulrich Bröscher and Hans Albrecht for their commitment and intensive support in the restructuring of the company.
Deutsche Lufthansa AG
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The LSG Group is the world’s leading provider of end-to-end onboard products and services for the travel industry. It possesses a strong portfolio of independent expert brands: LSG Sky Chefs (catering and hospitality, including lounges), Retail inMotion (onboard retail), SPIRIANT (onboard equipment) and Evertaste (convenience food). The LSG Group is headquartered in Neu-Isenburg, near Frankfurt, Germany. In 2017, its almost 35,000 employees achieved consolidated revenues of EUR 3.2 billion. Additionally, the LSG Group has a rich network of joint ventures and partnerships partners around the globe, employing more than 20,000 staff and generating non-consolidated revenues of EUR 1.3 billion. www.lsg-group.com