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Lufthansa Chairman Mayrhuber steps down, to be replaced by Kley

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Lufthansa Chairman Mayrhuber steps down, to be replaced by Kley

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BERLIN (Reuters) – German airline Lufthansa <LHAG.DE> said on Monday its supervisory board Chairman Wolfgang Mayrhuber had resigned, six months before the end of his term, and would be replaced by Karl-Ludwig Kley. “In the interest of continuous development and a forward looking development, I have resigned from my mandate so that Karl-Ludwig Kley can assume the position as Chairman,” Mayrhuber, who has been with Lufthansa for more than 40 years and became its Chief Executive in 2003, said in a statement. Kley, 66, was Lufthansa’s finance chief for eight years through 2006 before joining drugs and chemicals group Merck KGaA <MRCG.DE>. He has been a member of Lufthansa’s supervisory board since 2013.

(Reporting by Maria Sheahan; Editing by Arno Schuetze)
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