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People: Deutsche Lufthansa AG (LHAG.DE)

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7 Dec 2016
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Garnadt, Karl 

Mr. Karl Ulrich Garnadt is Member of the Executive Board Eurowings and Aviation Services at Deutsche Lufthansa Aktiengesellschaft at Deutsche Lufthansa Aktiengesellschaft since January 1, 2016. Previously he was Member of the Executive Board and Chief Executive Officer Lufthansa German Airlines at Deutsche Lufthansa AG as of May 1, 2014 till January 1, 2016. He has been Chief Executive Officer (CEO) and Chairman of Lufthansa Cargo AG since 1 January 2011. Mr. Garnadt began his career at Lufthansa as a commercial airline trainee in 1979. After completing the three-year programme, he spent one year in Controlling before moving to International Route Planning and Management, where he worked from 1983 to 1987. Mr. Garnadt spent the next four years based in Frankfurt as Product Manager for the Southeast Asia/Australia region. In 1991 he moved to Lufthansa Cargo as Product Manager responsible for the UK, Ireland and Northern Europe, a post that he held until 1995. From then until 1999 he was in charge of Network Management at Lufthansa Cargo. He was subsequently appointed Senior Vice President Network Management at Lufthansa Passenger Airlines in Frankfurt. In October 2004 Mr. Garnadt was appointed Group Representative and Head of Hub Management Munich. He has been a member of the Board of Lufthansa German Airlines from January 2007 to December 2010.

Basic Compensation

Total Annual Compensation, EUR 1,280,000
Restricted Stock Awards, EUR --
Long-Term Incentive Plans, EUR --
All Other, EUR 503,000
Fiscal Year Total, EUR 1,783,000

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --