On Thursday, Cargolux held a press conference at short notice at their Findel headquarters to announce a significant change in their management team; Dirk Reich is resigning as CEO with Richard Forsom (CFO) in line to take over as CEO.

Dirk Reich confirmed that his wife and family live in Switzerland and he has decided to put family first and move there, therefore resigning his position at Cargolux for personal reasons with effect from the end of July. Richard Forsom, who joined Cargolux in February 2012, is to be nominated to the board next week to take over as CEO, with Maxim Strauss (SVP Corporate Development) nominated as the new CFO.

Richard Forson confirmed that the company's strategy of sustainable growth will not change and will continue to be implemented and he has utmost confidence in the management team around him. Regards Brexit, he acknowledged that there is indeed turmoil in the financial markets but the company's strategic model will see them being flexible and able to adapt to new challenges.

Paul Helminger, Cargolux Chairman, said that he has utmost confidence in building the team from internal resources. Dirk Reich added that all management positions are covered by internal staffing options if needed. In relation to the recruitment of 100 pilots this year, he stated that this is well underway.

Photo by Geoff Thompson (L-R): Paul Helminger, Chairman; Dirk Reich; Richard Forson; Maxim Strauss