Lufthansa names Till Streichert CFO
Till Streichert will assume the role of CFO from September 15
Till Streichert has been appointed by the Supervisory Board of Deutsche Lufthansa AG to the company’s Executive Board. He will assume the position of Chief Financial Officer (CFO) with responsibility for the company’s Finance Division from September 15.
Streichert has been appointed for a three-year term of office which runs to September 14, 2027, the May 6 press release said.
Duties in the role of CFO of Deutsche Lufthansa AG will initially be performed by Executive Board member Michael Niggemann after the departure of Remco Steenbergen on May 7.
Streichert will then assume responsibility for the Finance Division, which comprises Controlling & Risk Management, Corporate Finance, Corporate Accounting, Investor Relations, Corporate Taxes, Financial Services and Mergers & Acquisitions, from mid-September.
“In Till Streichert we are securing a reputed and internationally experienced financial specialist to serve as the new CFO of the Lufthansa Group,” said Karl-Ludwig Kley, Chairman of the Supervisory Board of Deutsche Lufthansa AG. “Till Streichert brings outstanding financial expertise from a wide range of companies and sectors to his new position; and he convinced our Supervisory Board on a personal level, too. Given the continuing challenges posed by the competitive environment worldwide, having a CFO like Till Streichert who is extensively experienced in the capital markets is of vital importance to the Lufthansa Group.”
Streichert is currently CFO of the Amadeus IT Group, headquartered in Madrid. He has held a range of global executive and financial management positions at various companies in his career which spans more than two decades. These companies include T-Mobile in the UK, the Boston Consulting Group, Vodafone Romania and Vodacom South Africa.
Streichert holds a Doctorate in Philosophy and a Master’s degree in Political Sciences & Philosophy from Leibniz University Hannover. He also completed the Executive Program at Singularity University in Mountain View, California in 2018.
“With his extensive expertise and experience, Till Streichert will be an excellent addition to our Executive Board,” said Carsten Spohr, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG. “His arrival this September will complete the recomposition of our top management team, and we look forward already to a good collaboration with him in both professional and personal terms. He is taking on a substantial responsibility at our company in what remain challenging times.”
