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Star Alliance CEO Albrecht tapped to head Austrian Airlines
By Kurt Hofmann | September 1, 2011
Star Alliance CEO Jaan Albrecht was nominated by Lufthansa (LH) Group's executive board to become chairman and CEO of Austrian Airlines (OS). LH Group's supervisory board is expected to take up and approve the nomination at a Sept. 22 meeting.
It is anticipated that Albrecht, who has helmed Star for a decade, will start his tenure at OS by November. The Vienna-based LH Group carrier, which has struggled in recent years, reported a 2011 first-half operating loss of €63.1 million ($89.8 million) (ATW Daily News, Aug. 25).
LH Group CEO Christoph Franz said in a statement that Albrecht's "experience, his network and excellent industry know-how equip him ideally to master the huge challenges facing Austrian Airlines."
Air New Zealand CEO Rob Fyfe, chairman of Star's chief executive board, said, "It is with regret that we are losing such a capable and high performing CEO." Star said it will launch a CEO search process. LH and OS are Star members.
Star Alliance CEO Albrecht tapped to head Austrian Airlines
By Kurt Hofmann | September 1, 2011
Star Alliance CEO Jaan Albrecht was nominated by Lufthansa (LH) Group's executive board to become chairman and CEO of Austrian Airlines (OS). LH Group's supervisory board is expected to take up and approve the nomination at a Sept. 22 meeting.
It is anticipated that Albrecht, who has helmed Star for a decade, will start his tenure at OS by November. The Vienna-based LH Group carrier, which has struggled in recent years, reported a 2011 first-half operating loss of €63.1 million ($89.8 million) (ATW Daily News, Aug. 25).
LH Group CEO Christoph Franz said in a statement that Albrecht's "experience, his network and excellent industry know-how equip him ideally to master the huge challenges facing Austrian Airlines."
Air New Zealand CEO Rob Fyfe, chairman of Star's chief executive board, said, "It is with regret that we are losing such a capable and high performing CEO." Star said it will launch a CEO search process. LH and OS are Star members.
