OREANDA-NEWS.  The 61st Annual General Meeting of Deutsche Lufthansa AG held today in Hamburg saw the Company’s CEO and Chairman of the Executive Board, Christoph Franz, take the floor to answer questions from shareholders for the very last time. Around 1,300 shareholders and the Executive Board and Supervisory Board members bid farewell to the Lufthansa CEO, who will hand over his office to Carsten Spohr in early May, with a resounding round of applause. Accordingly, the shareholders discharged both the Executive Board and the Supervisory Board for the 2013 financial year with a large majority.

The spin-off of the Miles & More premium business was also approved by the shareholders. The aim is to position the premium business in a separate entity to make it more flexible and even more successful by enabling it to add additional program partners, thereby increasing its attractiveness for customers. The shareholders also approved the Lufthansa Supervisory Board’s proposal to appoint Monika Ribar, the former Chief Executive Officer of Panalpina Welttransport AG, as a new Supervisory Board member. Monika Ribar succeeds Dr. Jьrgen Hambrecht, who resigned from the Supervisory Board of Deutsche Lufthansa AG effective at the end of the Annual General Meeting.

Overall, the shareholders attending the Annual General Meeting dealt with nine agenda items, all of which were approved with large majorities.