Lufthansa management board member Garnadt to step down in 2017

Lufthansa management board member Garnadt to step down in 2017
Lufthansa management board member Karl Ulrich Garnadt, responsible for the carrier’s low cost unit Eurowings, will step down next year, a spokesman said on Tuesday.
Garnadt has been at Lufthansa since 1979, recently heading the group’s cargo arm and its German airlines division before taking on responsibility for Eurowings at board level this year.
Garnadt turns 60 in January and he said he was stepping down because Lufthansa has a rule that board members must leave when they reach that age.
“This rule of course applies to me too,” he said in a statement posted by the airline on Twitter.
The departure comes as Eurowings expands rapidly, taking on planes from Air Berlin and integrating Brussels Airlines as part of plans to become Europe’s third largest point-to-point carrier.