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Cargolux International Airlines S.A. today announced the appointment of Albert Wildgen as Chairman of the Board, effective 16 September 2011. Albert Wildgen, President of the Administration of the Estate of His Royal Highness the Grand Duke of Luxembourg, has been an independent director since the closing of the strategic partnership transaction between Cargolux and Qatar Airways on 8 September 2011. He succeeds Marc Hoffmann, Chairman of the Board of LuxairGroup, who remains a director of the Cargolux Board. In its first meeting, the new Cargolux Board reviewed the financial and business situation of the Company and evaluated potential measures to strengthen its competitive position in the current volatile market climate. The Board further approved the terms and conditions of the...
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