COLOGNE (dpa-AFX) - The airline Lufthansa is reducing the size of its Executive Board. This was decided by the company's Supervisory Board, according to a statement published on Thursday evening. As of July 1, the Lufthansa management board will have only five members instead of the previous six.

CFO Remco Steenbergen will leave the board at the end of May 7, the day of the Annual General Meeting. Michael Niggemann, Chief Human Resources and Infrastructure Officer, will then take over the role on an interim basis in addition to his current duties.

Investors took the news in their stride. The company's share price initially barely reacted on the Tradegate trading platform./he/ck