Lufthansa Cargo announced that Frank Bauer would be the new chief financial officer and chief human resources officer of Lufthansa Cargo AG, effective on August 1, 2023.

The announcement came on the heels of the company's Supervisory Board on July 5.

"I am delighted that Frank Bauer, an experienced finance and HR expert with great expertise in the logistics sector, will complement and strengthen the Executive Board of Lufthansa Cargo. He has proven his management skills in various leadership positions in the Lufthansa Group," said Dr Michael Niggemann, chairman of the supervisory board of Lufthansa Cargo AG.

"The Lufthansa Cargo Executive Board, which is now complete again, will master future challenges under the leadership of Chairman Ashwin Bhat and, together with the company's employees, further expand Lufthansa Cargo's global leadership position," he added.

 Frank Bauer, Chief Financial Officer and Chief Human Resources Officer of Lufthansa Cargo AG, Dr Christian Leitfeld, Corporate Controlling and Risk Management of Lufthansa Group. [Photo: Lufthansa Cargo]

Bauer began his career at Lufthansa in 2007. Three years later, he joined the airline Jade Cargo in China.

In 2012, he returned to Deutsche Lufthansa AG and took on numerous management positions in the years that followed, like heading Lufthansa Group's Internal Audit department.

Subsequently, as a member of the Executive Board of Eurowings, he was responsible for Finance and Human Resources. Most recently, he headed the Controlling and Risk Management of the Group.

Meanwhile, Dr Christian Leifeld will take over responsibility for Controlling and Risk Management at the Lufthansa Group as Frank Bauer's successor on August 1, 2023.

He began his career at McKinsey in 2003 and, most recently, was the country CFO for E.ON in the Czech Republic from 2020 to 2023.