Brussels Airlines (SN) is implementing a new management structure, moving away from the co-CEO structure to a single CEO. The co-CEO arrangement has been in place since 2008.
Co-CEO Bernard Gustin will become the company’s only CEO June 1 when co-CEO Michel Meyfroidt steps down to pursue other interests.
SN said it reorganized its management structure “around three main axes of activity—operations, finance and commercial strategy—to adapt the company’s way of working to the market evolution and to the ever-increasing competition on the level of costs.”
It appointed Peter Kranich as COO. Kranich comes from Eurowings, a wholly owned subsidiary of Lufthansa (LH), where he was responsible for operations. LH acquired a 45% stake in Brussels Airlines’ parent company SN Airholding in 2008 with an option to acquire the remaining 55%.
SN VP-controlling Jan De Raeymaeker was promoted to CFO and EVP-Strategy and Business Development Erik Follet will become airline’s CCO.
Article Source : ATW Daily News
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