BMI finance chief to take over at Lufthansa

Lufthansa has named former BMI chief financial officer Simone Menne as its new finance chief.

Menne will take over as Lufthansa chief financial officer on July 1 when she becomes the first woman in the post at a major, publically-listed company in Germany.

She took over as finance chief at BMI when Lufthansa took control of the carrier in 2009, having worked at Lufthansa since the 1980s. BMI reported a loss of €155 million (£124 million) last year. Lufthansa sold the carrier to British Airways’ parent IAG last month.

The German airline group announced plans to cut 3,500 jobs last week as it seeks to cut costs by 25% after announcing a quarterly loss of €379 million (£310 million) despite a rise in revenues of 5.6% to a record €6.6 billion.

Chairman Christoph Franz said: “Higher taxes, fees and charges put a massive strain on our quarterly result.”

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