Ulrik Svensson to become the new CFO of Lufthansa AG

Published on : Monday, July 4, 2016

UlrikUlrik Svensson, Chief Executive Officer of Melker Schörling AB (MSAB), has been appointed the executive board of Deutsche Lufthansa AG to serve as the company’s Chief Financial Officer. He will assume his new duties on 1 January 2017, having signed a three year contract. He succeeds Simone Menne, who will leave the company on #1st August.

 

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 For the interim period between Simone Menne’s departure and Ulrik Svensson’s assumption of his new duties.

 

Wolfgang Mayrhuber, Chairman of the Supervisory Board of Deutsche Lufthansa AG said that, Ulrik Svensson adds further knowledge of the 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. He also added that Ulrick’s broad international experience, his proven aviation expertise and his personality will further strengthen the Airlines’ Executive Board team.

 

Ulrik Svensson was born in Varberg (Sweden) on 27 June 1961. He is a Swedish national and graduated in business administration from the Stockholm School of Economics. Ulrik Svensson is married and has three children.

 

From 1992 to 2000, he worked in senior finance positions in the two related telecom companies Millicom and Société Européenne de Communication S.A. based in Luxembourg. From 2000 to 2003 he was CFO of the British office product provider Esselte.

 

Ulrik Svensson is an acknowledged financial expert who can draw on years of experience with the international capital markets, adds Carsten Spohr, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG. He also addressed that , they  will be working with Svensson on their Executive Board to ensure that the Lufthansa Group remains one of the world’s financially soundest aviation concerns.

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