Shareholder DWS urges Lufthansa to appoint new CEO

FRANKFURT Sat Feb 1, 2014 11:20am EST

The logo of German air carrier Lufthansa is pictured at Fraport airport in Frankfurt May 6, 2013. REUTERS/Lisi Niesner

The logo of German air carrier Lufthansa is pictured at Fraport airport in Frankfurt May 6, 2013.

Credit: Reuters/Lisi Niesner

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FRANKFURT (Reuters) - Deutsche Bank's (DBKGn.DE) fund management unit DWS is growing impatient with German airline Lufthansa's (LHAG.DE) delay in appointing a new chief executive, Frankfurter Allgemeine Zeitung said.

Henning Gebhardt, a fund manager at DWS, told the paper Lufthansa was taking too long to appoint a successor to Christoph Franz who said in September he would leave to join Swiss pharmaceuticals company Roche (ROG.VX).

Lufthansa has a potential replacement candidate in the form of Carsten Spohr, who is currently in charge of the passenger airline business, Gebhardt was quoted as saying.

"As investors we have the impression that Carsten Spohr is the right man for the top job," Gerbhardt told the paper. DWS is Germany's largest retail fund manager.

(Reporting by Edward Taylor; Editing by Sophie Hares)

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Comments (1)
toonik_ph wrote:
Just heard about this.. great..

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Feb 01, 2014 10:01pm EST  --  Report as abuse
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