LSG Lufthansa Service Holding AG Supervisory Board Approves Global Executive Board Members.
KRIFTEL, Germany--(BUSINESS WIRE)--May 23, 2001
Five-member Board Assumes Responsibility on June 1,
Following Completion of Acquisition of Sky Chefs, Inc.
LSG Lufthansa Service Holding AG today announced the five members of its new international Global Executive Board. The Board will direct the company's worldwide operations beginning June 1, when LSG Lufthansa Service Holding completes its acquisition of Onex Food Services, Inc., the parent company of Dallas/Fort Worth based Sky Chefs, Inc.
Hanns R. Rech, who joined LSG in December 2000, will continue as Chairman of the Board and Chief Executive Officer. Other Board members will be: Patrick Tolbert (Finance), Ulrich Broscher (Operations), Randall Boyd (Marketing) and Horst Bultmann (Human Resources).
Messrs. Tolbert and Boyd are currently with Sky Chefs Inc., serving as Executive Vice President and Chief Financial Officer, and Senior Vice President of Marketing and Sales, respectively. Messrs. Broscher and Bultmann are currently members of the LSG Lufthansa Service Holding AG Executive Board.
"With Patrick Tolbert and Randall Boyd we gain two experienced Sky Chefs Executives who will play integral roles as we drive to become a truly global player in the airline catering industry," said Mr. Rech. "As part of this effort, our strategy is to create international management teams on all levels in order to implement a global winning culture within our company."
LSG and Sky Chefs have been selling their airline catering activities under the common "LSG Sky Chefs" brand since 1993, as a result of a marketing and sales agreement. In 1999, LSG increased its ownership in Sky Chefs from 25 percent to 48 percent and, in late 2000, the company announced its plans to acquire the remaining shares of Sky Chefs. The integration of the two companies is the final step necessary to provide consistent quality service to the more than 260 airline customers throughout the world.
Following completion of the transaction, the company will continue to operate under the LSG Sky Chefs brand.
LSG Sky Chefs today maintains over 200 flight kitchens around the world on all continents and supplied 427 million flight menus last year. In 2000, the companies belonging to LSG Group -- including all minority interests -- with a staff of 41,700 achieved total turnover of EUR 3.7 billion (US $3.5 billion). LSG Lufthansa Service Holding is a wholly owned subsidiary of Deutsche Lufthansa AG.
(bios to follow)
Global Executive Board Members
LSG Lufthansa Service Holding AG
Hanns R. Rech Chairman and Chief Executive Officer
Hanns R. Rech, 46, is Chairman of the Board and CEO of LSG Lufthansa Service Holding AG, a wholly owned subsidiary of Deutsche Lufthansa AG. He assumed leadership of the company in December 2000. Mr. Rech has enjoyed a long and distinguished career directing substantial business growth in varied international markets, primarily in the consumer goods industry. Most recently, he served as Managing Director of DHL Worldwide Express GmbH in Germany.
Former career steps include a five-year leadership as Managing Director of Tchibo International GmbH and 10 years extensive experience in a variety of international marketing and sales-oriented management positions within key companies of Mars Incorporated.
Hanns Rech started his career in 1978 at BASF AG as sales coordinator for Asia.
Ulrich Broscher Global Executive Board Member/Operations
Ulrich Broscher, 56, is a member of the Global Executive Board of LSG Lufthansa Service Holding AG. He holds global responsibility for Operations and will be responsible for the company's activities in the Europe/Africa region.
Mr. Broscher rejoined LSG Lufthansa Service Holding AG in February 2000 after serving the company from 1967 to 1993. During this time, Ulrich Broscher held various senior level positions at LSG Lufthansa Service GmbH. From 1994 until 2000, he was a member of the Executive Board of Mitropa, a subsidiary of German Railways (DB).
Patrick Tolbert Global Executive Board Member/Finance
Pat Tolbert has been approved to become a member of the Global Executive Board of LSG Lufthansa Service Holding AG, effective June 1, 2001. In this function, he will hold global responsibility for Finance. Additionally, he will be responsible for the company's activities in the Asia/Pacific/Middle East region and head strategic development of the company's Home Meal Replacement business.
Mr. Tolbert is currently Executive Vice President and Chief Financial Officer of Onex Food Services, Inc., which owns Sky Chefs, Inc. and SC Food Services, Inc., until these companies will be acquired by LSG Lufthansa Service Holding AG on May 31, 2001.
Mr. Tolbert has more than 25 years of experience in general management, financial management, strategic and financial planning and mergers and acquisitions. He came to Onex Food Services, Inc. in 1992 from Sunbelt Beverage Corporation, where he served as Senior Vice President and Chief Financial Officer.
Prior to joining Sunbelt, Mr. Tolbert held several senior management positions at Sara Lee Corporation (a Fortune 30 company) and various Sara Lee subsidiaries as well as at Electrolux Corporation in the United States and Canada.
Mr. Tolbert graduated from Auburn University, where he received both his Bachelor of Science and Master of Business Administration.
Randall Boyd Global Executive Board Member/Marketing
Randall Boyd, 42, has been approved to become a member of the Global Executive Board of LSG Lufthansa Service Holding AG, effective June 1, 2001. In his function he will be responsible for all marketing and sales functions worldwide. In addition, he will oversee the group's activities in the Americas and will further develop the group's e-Business through its subsidiary, eLSG.SkyChefs.
Mr. Boyd is currently Senior Vice President of Marketing and Sales for Sky Chefs, Inc., which will be acquired by LSG Lufthansa Service Holding AG on May 31, 2001. Mr. Boyd joined Sky Chefs in September 1989 as Vice President of Marketing and Customer Service.
Mr. Boyd's prior experience includes approximately 10 years with IBM Corporation, where he gained extensive background in strategic planning, market planning and sales and marketing.
Mr. Boyd earned his Bachelor's and Master's degrees in Business Administration from Millsaps College in Jackson, Miss.
Horst Bultmann Global Executive Board Member/Human Resources
Horst Bultmann, 57, is a member of the Global Executive Board of LSG Lufthansa Service Holding AG. He holds global responsibility for Human Resources.
Mr. Bultmann joined LSG Lufthansa Service GmbH in 1966 as Head of Commercial Administration. After holding various management positions he became Head of the Human Resources in 1985. In 1996, Mr. Bultmann was appointed Member of the Executive Board and Labor Director of LSG Lufthansa Service GmbH, Germany. In 1998, Mr. Bultman became Member of the Executive Board and Chief Executive Personnel of LSG Lufthansa Service Holding AG.
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|Date:||May 23, 2001|
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