Paul Helminger elected Chairman of Cargolux

Cargolux Airlines International S.A. today announced changes to its Board of Directors following the acquisition by the Luxembourg State of a 35% stake in the airline from Qatar Airways on 31 December 2012.

Cargolux's Board of Directors elected Paul Helminger as its Chairman. Furthermore Alphonse Berns, Paul Mousel and Patrick Nickels were appointed as Directors to the Board.

Ownership structure as of 31 December 2012:

Luxair: 43.4%
Luxembourg State : 35.0%
Banque et Caisse d'Epargne de l'Etat (BCEE): 10.9%
Société Nationale de Crédit et d'Investissement (SNCI): 10.7%

Cargolux Board of Directors as of 15 January 2013

Paul Helminger, Chairman
Chairman of the Board, LuxairGroup

Alphonse Berns
Ambassadeur
Directeur de la Fiscalité, Ministère des Finances
Director

Jean-Claude Finck
President and Chief Executive Officer, Banque et Caisse d'Epargne de l'Etat
Director

Paul Mousel
Avocat
Director

Adrien Ney
President and Chief Executive Officer, LuxairGroup
Director

Société Nationale de Crédit et d'Investissement
Represented by Patrick Nickels, Président
Director

Françoise Thoma
Executive Vice President, Banque et Caisse d'Epargne de l'Etat
Director

Tom Weisgerber
Premier Conseiller de Gouvernement, Ministère du Développement durable et des Infrastructures
Director

Bettina Faulhaber
Manager Business Support Flight Operations
Staff Representative

George Karambilas
Captain
Staff Representative

Einar Kristjansson
Captain
Staff Representative

David Massaro
Permanent Delegate, Staff Delegation
Staff Representative

Armand Seil
Staff Representative
Officer Material Repairs