Cargolux has appointed Christoph Michael Bannerman as its new vice president of corporate development and strategy.

Bannerman succeeds Maxim Strauss, who became executive vice president and chief financial officer at the end of July 2016.

“We welcome Christoph Bannerman as a veteran of the industry,” said Richard Forson, president and CEO. “His knowledge and experience will be a valuable contribution to the development of our company and in the formulation of its strategy in an increasingly challenging market environment.”

Bannerman has previously worked in various roles in corporate strategy, alliances and marketing at the Lufthansa Group, according to Cargolux.