CFOs on the Move (Europe): Week Ending April 24

Gea, Lufthansa, Spanair, RHI, Symrise
Jason KaraianApril 24, 2009

German engineering group GEA named Helmut Schmale as its new CFO. He replaces Hartmut Eberlein, who will move onto the company’s supervisory board. Schmale joined GEA in 1993 and rose to head of the thermal engineering unit before being tapped as group finance chief at the company’s AGM earlier this week.

As it digests recent acquisitions and plans to expand its reach further, German airline Lufthansa expanded its management board and revamped the responsibilities of its members. Among other changes, CFO Stephan Gemkow’s remit will now cover finance and “aviation services,” which includes logistics, maintenance, catering and IT.

Jorge Chumillas is the new CFO of regional airline Spanair. Earlier this year, Scandinavian carrier SAS sold a controlling stake in the group to a consortium of Spanish investors for €1, citing “unprecedented market conditions.” Chumillas joins from family-owned perfume group Puig.

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Austrian materials group RHI announced the departure of Stefano Colombo, who will leave his CFO post at the end of May. His responsibilities will be assumed by CEO Thomas Fahnemann.

Symrise, a German flavours and fragrances company, replaced one financial expert on its supervisory board with another. Klaus Kühn, CFO of pharmaceutical giant Bayer, is making way for Thomas Rabe, finance chief of media firm Bertelsmann.