German aviation group Deutsche Lufthansa AG (DLAKY.PK, DLAKF.PK) announced Monday that the candidate proposed by its Supervisory Board for a post on the Supervisory Board and former Chairman of the Executive Board and CEO, Wolfgang Mayrhuber, has withdrawn his candidacy due to criticism from shareholders regarding his nomination.
Mayrhuber was due to be elected as a member of the Supervisory Board and subsequently appointed Chairman of the Supervisory Board at the Annual General Meeting on 7 May 2013.
The company said that, in its today meeting, the Supervisory Board is to discuss an additional nomination to be put to the Annual General Meeting. The company noted that the nomination will be made public as soon as it is agreed upon and will then be put to the vote.
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