Deutsche Lufthansa AG announced the surprise departure of Chief Executive Officer Christoph Franz, who will become chairman at Swiss drugmaker Roche Holding AG, leaving the German airline in limbo as it works on a turnaround.
Infineon Technologies AG named a new supervisory board chairman and chief financial officer in a move that may help to end internal quarrels at Europe’s second- biggest chip maker and assuage rebel shareholders.
Deutsche Lufthansa AG , Europe’s second-largest airline, plans to propose Christoph Franz as successor to Chief Executive Officer Wolfgang Mayrhuber at a supervisory board meeting tomorrow, according to a person with direct knowledge of the matter.
Deutsche Lufthansa AG Chief Executive Officer Wolfgang Mayrhuber may stay in office beyond the company’s next shareholder meeting in April 2011, Handelsblatt reported, citing unidentified company executives.
Juergen Weber, chairman of Deutsche Lufthansa AG’s supervisory board, supports Wolfgang Mayrhuber, the airline’s former chief executive officer, as a candidate to succeed him next year, Boersen-Zeitung reported, citing an interview with Weber.
Josef Ackermann, a beacon of corporate Germany as chief executive officer of Deutsche Bank AG for the last nine years, may become the first top manager to skirt rules the lender espoused to toughen management supervision.
Air France-KLM Group is teaming up with Europe’s biggest airlines to push for European Union action to slow the encroachment of Emirates and other Gulf carriers, saying the region’s status as an air-travel hub is under threat.