airberlin Appoints Arnd Schwierholz as CFO

On 1 April 2015 Arnd Schwierholz (45) will become airberlin's Chief Financial Officer (CFO).

He has already held the position Deputy CFO at Germany’s second largest airline since the end of October 2014.

“In Arnd Schwierholz, the airberlin Management Board has gained a financial expert with more than twelve years of extensive experience in the field of airline finance. These skills will move forward the restructuring program at airberlin,” said Dr Hans-Joachim Körber, Chairman of the Board of Directors.

Schwierholz takes over from Ulf Hüttmeyer (41), who has had the role of the Chief Financial Officer for nine years and will now work in a new position with enhanced responsibilities for Etihad Airways.

“On behalf of the Board I would like to thank Ulf Hüttmeyer for his consistent work to position airberlin as one of Europe’s leading airlines. In the decisive phases, which include the IPO, the acquisitions of dba and LTU, the entry into oneworld and the partnership with Etihad Airways, he navigated airberlin through challenging economic times. Due to his accumulated experience within the banking sector, he has successfully conducted numerous capital market transactions in recent years and optimized the aircraft financing portfolio,” added Dr Körber.

Arnd Schwierholz’s professional background includes positions within UBS Investment Bank, experience as a company founder and as Head of Mergers & Acquisitions for Deutsche Lufthansa AG. Before joining airberlin Arnd Schwierholz was CFO North America for LSG Sky Chefs, the catering subsidiary of Deutsche Lufthansa AG.