Soeren Stark to become new Chairman of the Executive Board of Lufthansa Technik

Dr. Johannes Bussmann to leave the company at his own request as of 1
July 2022

The Chairman of the Executive Board of Lufthansa Technik, Dr.
Johannes Bussmann (53), will leave the Lufthansa Group at his own
request later this year. After more than seven years in his current
role and 10 years on the Executive Board, he will hand over
leadership of the company to COO Soeren Stark (55).

Stark has been a member of the Executive Board of Lufthansa Technik
since 2019. He previously held a number of other executive functions
at Lufthansa Cargo and Lufthansa Technik. Subject to the approval of
the Supervisory Board, he will assume his new role on 1 July 2022.
Johannes Bussmann assumed leadership of the world's leading provider
of technical services in aviation in 2015 after overseeing human
resources on the Executive Board for three years. After leaving
Lufthansa Technik, he will become CEO of a major German technology
company.

Johannes Bussmann said: "I look back with great gratitude on my years
as Chairman of the Executive Board and my 23-year career at Lufthansa
Technik. We have achieved great things during this time. I am really
proud to have been a part of this success story and to have had the
opportunity to lead this company over the past seven years. The time
has come for me to take on new responsilities outside the aviation
industry. It is a challenge that I am looking forward to tackling."
The chairman of Lufthansa Technik's Supervisory Board, Dr. Detlef
Kayser, said: "I would like to thank Johannes Bussmann for his
outstanding work at Lufthansa Technik. He and his team have led the
company safely through the crisis. Above all, he played a special
role in the success and growth story that Lufthansa Technik has
written in recent years. I therefore wish him all the best for the
future."

Bussmann, who holds a doctorate in engineering, began his career at
Lufthansa Technik in Hamburg in 1999 as a development engineer. After
serving in various marketing and sales positions, he became head of
the Component Supply business unit in 2007 and then of the Engine
Services business unit in 2011. He was appointed to Lufthansa
Technik's Executive Board in 2012. Bussmann implemented the company's
growth and investment strategy. He also decisively drove the
digitalization of the company and the development of digital
products, most notably the AVIATAR digital platform for optimizing
flight operations.

His appointed successor, Soeren Stark, joined Lufthansa Technik's
Executive Board as Chief Operations Officer in January 2019. In this
role, he is responsible for Technical Operations and Logistics.
Previously, Stark headed the Executive Board department Operations at
Lufthansa Cargo AG for three years. He began his career at Lufthansa
Technik in 2004 as Managing Director of Lufthansa Technik Logistik in
Hamburg. From 2011 to 2016, the industrial engineer headed the
aircraft overhaul business at Lufthansa Technik AG.

Commenting on the appointment, Detlef Kayser said, "Soeren Stark has
distinguished himself in various positions in our Group and achieved
much. At Lufthansa Technik, he has demonstrated his abilities as an
excellent manager as he developed our worldwide overhaul network and
played a key role in the restructuring work performed during the
corona crisis, among other areas. With his high level of expertise,
experience and leadership, he will lead Lufthansa Technik
successfully into the future."

Kayser also said the early succession arrangement would ensure
continuity at the top of Lufthansa Technik. It is a decision that
will enable the company to defend and expand its position as the
world's leading provider of technical services, he noted.