(Bloomberg) -- Lufthansa AG said its Chief Financial Officer Ulrik Svensson has resigned for health reasons.
Svensson, 58, will step down from his board position on April 6, the company disclosed in a statement on Saturday, adding that the management “will discuss and decide on a succession solution as soon as possible.”
The departure adds to the woes engulfing Germany's largest airline which is already reeling from the impact of the coronavirus and restrictions on air travel across the globe. Like other carriers, Lufthansa is fighting to maintain liquidity in the face of a sudden collapse in revenue.
Chief Executive Officer Carsten Spohr is facing mounting pressure to hand over an equity stake to the German government as it battles for survival, people familiar with the matter said on Friday.
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