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| Lufthansa boss set to be chairman of Swiss drugmaker Roche | Lufthansa boss set to be chairman of Swiss drugmaker Roche |
| (1 day later) | |
| Christoph Franz, chief executive of Deutsche Lufthansa, is leaving Europe's biggest airline, German newspaper Die Welt reported on Sunday. | Christoph Franz, chief executive of Deutsche Lufthansa, is leaving Europe's biggest airline, German newspaper Die Welt reported on Sunday. |
| Die Welt, citing sources familiar with the situation, said Franz was in talks with the airline's supervisory board about a departure before his contract expires. | Die Welt, citing sources familiar with the situation, said Franz was in talks with the airline's supervisory board about a departure before his contract expires. |
| Handelsblatt, citing company sources, reported he was now in advanced talks to join Swiss drugmaker Roche. | Handelsblatt, citing company sources, reported he was now in advanced talks to join Swiss drugmaker Roche. |
| Citing sources from Roche, Handelsblatt also said a decision has not been reached yet but that the talks have reached an advanced stage. | Citing sources from Roche, Handelsblatt also said a decision has not been reached yet but that the talks have reached an advanced stage. |
| On Sunday, the two newspapers released an advance copy of reports to be published on Monday. | On Sunday, the two newspapers released an advance copy of reports to be published on Monday. |
| Asked about the reports, a Lufthansa spokesman declined to comment. | Asked about the reports, a Lufthansa spokesman declined to comment. |
| Swiss newspaper NZZ am Sonntag said 53-year-old Franz is the favourite candidate to replace current Roche chairman Franz Humer, who plans to step down next spring. | Swiss newspaper NZZ am Sonntag said 53-year-old Franz is the favourite candidate to replace current Roche chairman Franz Humer, who plans to step down next spring. |
| Roche's board is scheduled to meet on 26 – 27 September to elect the next chairman, according to the paper. | Roche's board is scheduled to meet on 26 – 27 September to elect the next chairman, according to the paper. |
| A spokesman for Roche declined to comment on the report. | A spokesman for Roche declined to comment on the report. |
| Franz has been a member of Roche's board since 2011. While he lacks a pharmaceutical background, he is a German speaker, and his experience of running a global listed company and his knowledge of Switzerland would be deemed crucial for the role. | Franz has been a member of Roche's board since 2011. While he lacks a pharmaceutical background, he is a German speaker, and his experience of running a global listed company and his knowledge of Switzerland would be deemed crucial for the role. |
| But Franz, who has been chief executive officer and chairman at Lufthansa since January 2011, is in the middle of a strategic overhaul at the German airline, which could complicate any departure. His contract is due to expire in May 2014. | But Franz, who has been chief executive officer and chairman at Lufthansa since January 2011, is in the middle of a strategic overhaul at the German airline, which could complicate any departure. His contract is due to expire in May 2014. |
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