The report did not say how many shares Kuehne had bought from the German government, which bailed out the company to keep it afloat through the COVID-19 pandemic.
(Writing by Rachel More; Editing by Paul Carrel)
BERLIN (Reuters) - German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa and is to be given a seat on the German airline's supervisory board, the Handelsblatt business daily reported on Wednesday, citing financial sources.
The report did not say how many shares Kuehne had bought from the German government, which bailed out the company to keep it afloat through the COVID-19 pandemic.
(Writing by Rachel More; Editing by Paul Carrel)
Klaus-Michael Kuehne is a German businessperson who founded Melmed Holding AG and IPMD GmbH and who has been at the helm of 6 different companies. Presently, Mr. Kuehne occupies the position of Chairman at Klaus-Michael Kuehne Foundation, Chairman at Kühne Logistics University GmbH, Managing Director at Melmed Holding AG and Managing Director & Director at IPMD GmbH. He is also on the board of Kühne + Nagel International AG (former Chairman), Altrazeal AG and Oradisc GmbH and Chairman of Kühne-Stiftung. In the past Mr. Kuehne was Chief Operating Officer at Meldex International Plc and Joint Managing Director at BioProgress Plc (a subsidiary of Meldex International Plc) and Senior Consultant at TSM Corp. Mr. Kuehne received an undergraduate degree from Bucerius Law School.
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IPMD GmbH
IPMD GmbH Financial ConglomeratesFinance Part of ULURU, Inc., IPMD GmbH is an Austrian company that provides investment services. The private company is based in Vienna, Austria. The company was founded by Helmut Kerschbaumer, Klaus-Michael Kuehne. Klaus-Michael Kuehne has been the CEO since incorporation. | Founder |
Melmed Holding AG
Melmed Holding AG Pharmaceuticals: OtherHealth Technology Melmed Holding AG is a holding private company based in Zug, Switzerland. The Swiss company specializes in manufacturing and distributing over-the-counter (OTC) products that are based on substances of natural and plant origin. Melmed Holding was founded by Helmut Kerschbaumer and Klaus-Michael Kuehne, and they have been the CEOs since incorporation. | Chief Executive Officer |