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In response to recent media articles, Cargolux Airlines International today confirmed that the CEO search process that had been initiated remained open at this stage and that no decision regarding any successful potential candidate had been made, contrary to rumors reported in such media. Cargolux reiterated that the global executive search and leadership consulting firm, Spencer Stuart, had been commissioned with identifying interested candidates and tasked with shortlisting the most suitable individuals for this post after the expiry of the application submission deadline of 12th February, 2014.
The board’s Governance Committee, comprising representatives of the four Cargolux shareholders, “will review and interview individuals on the shortlist proposed by Spencer Stuart for the purpose of making a prompt recommendation to the Cargolux board of directors concerning the appointment of the future Cargolux CEO”.

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