Austrian Airlines CFO Wolfgang Jani steps down; Executive Board will be reduced in size

Austrian Airlines CFO Wolfgang Jani steps down; Executive Board will be reduced in size

(PRESS RELEASE) VIENNA, 9-Jul-2020 — /EuropaWire/ — Austria’s flag carrier Austrian Airlines AG has announced its Chief Financial Officer (CFO), Wolfgang Jani,  will be leaving the company at the end of August 2020. Jani has been on this position with the airline since April 2018 when he assumed the role of CFO and Member of the Executive Board. Wolfgang Jani led the airline through the successful conclusion of the coronavirus financing package and is now retiring from the airline. In the future he will devote himself to new projects and challenges outside of the Lufthansa Group. According to the Austrian the vacant Management Board position with responsibility for “Finance” will not be filled. Instead, CCO Andreas Otto will take on the duties previously handled by Mr. Jani effective September 1, 2020. Accordingly, the Executive Board will be reduced in size, and will be comprised of CEO Alexis von Hoensbroech and CCO & CFO Andreas Otto. COO Jens Ritter belongs to the extended Executive Board.

Christina Foerster, Chairwoman of the Supervisory Board, says: “Wolfgang Jani developed the #DriveTo25 strategy programme together with his colleagues on the Management Board in order to align the company to the tough competitive environment in Austria. He was project initiator and sponsor for one of the key topics, the process efficiency programme “PE20”. Caused by the COVID-19 crisis, Wolfgang Jani has been in charge of securing financing and the positive going concern statement of the company in recent months. Without exception, these were difficult and challenging issues he had to deal with during his more than two-year term of office. On behalf of the Supervisory Board and the Management Board, I would like to express our great thanks for his work. We wish Wolfgang Jani all the best for the future.”

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