Stephan Gemkow appointed new Chief Financial Officer of Deutsche Lufthansa AG


FRANKFURT (Lufthansa) - Dr. Roland Busch proposed as his successor on the Lufthansa Cargo Executive Board. At its meeting today, the Supervisory Board of Deutsche Lufthansa AG appointed Stephan Gemkow as Chief Financial Officer for a period of three years, effective 1 June 2006.

Stephan Gemkow, a member of the Executive Board of Lufthansa Cargo AG since February 2004 with responsibility for Finance and Human Resources, will succeed Dr. Karl-Ludwig Kley, who is stepping down as Chief Financial Officer on 31 May 2006 and moving to Merck KgaA.

As successor to Stephan Gemkow, the Nominating Committee of the Lufthansa Cargo Supervisory Board proposed Dr. Roland Busch, who has been Senior Vice President Corporate Finance at Deutsche Lufthansa AG since March 2004. Dr. Roland Busch will head the Finance and Human Resources division with effect from 1 June 2006.

Since 1 February 2004, in his capacity as a member of the Executive Board of Lufthansa Cargo AG, Stephan Gemkow (46) has been in charge of Finance and Human Resources. After completing a degree in business administration, he began his career in 1988 as a consultant for BDO Deutsche Warentreuhand AG. He joined Lufthansa in 1990, starting in Corporate Organisation and Strategic Corporate Development. In 1991 he was appointed Area Sales Manager for south-western Germany. The following year he moved to Frankfurt as a member of the traffic management team, where he was responsible for Sales, Lounges and Information Services. From 1994 to 1997, he held the position of Area Sales Manager and was based in Washington DC. He subsequently took over as Head of Investor Relations, and in 2001 was appointed Senior Vice President Corporate Finance.

Dr. Roland Busch (42) has been in charge of Corporate Finance since 1 March 2004. In 1991, after graduating in business administration, he started out at Lufthansa in Corporate Controlling. In 1995 he was appointed executive assistant to the then CEO and Chairman, Jürgen Weber, and from 1996 to 1997 played a key role in “Programme 15”, the Group’s cost-management scheme. In 1997 he was appointed Commercial Manager of Lido GmbH Lufthansa Aeronautical Services. Since 2001 he has been Head of Corporate Audit at Deutsche Lufthansa AG.

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