Lufthansa CEO Carsten Spohr gets contract extension
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German airline group Lufthansa has extended the contract of its Chief Executive, Carsten Spohr, for a further five years.
German airline group Lufthansa has extended the contract of its Chief Executive, Carsten Spohr, for a further five years.
The manager is set to report another record year in terms of financial results later this week.
Spohr’s contract has been extended to December 2023, Lufthansa said in a statement on Wednesday.
Spohr has been CEO of Lufthansa since 2014.
He has expanded airline’s budget unit Eurowings in the face of low-cost competition, navigated a series of strikes from staff and handled the company’s response to the crash of a Germanwings aircraft in 2015.
The group is due to report 2017 results on Thursday, with analysts on average forecasting adjusted EBIT of 2.8 billion euros (3.46 billion dollars ).($1 = 0.8083 euros)
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