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Fri 27 Feb 2015 09:43 AM

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Etihad hires airberlin CFO to drive equity partner profits

Ulf Huttmeyer will fill role of senior vice president finance equity partners from April 1

Etihad hires airberlin CFO to drive equity partner profits

Etihad Airways has announced the appointment of former airberlin senior executive Ulf Hüttmeyer as its senior vice president finance equity partners, effective from April 1.

Hüttmeyer joins the Abu Dhabi-based airline from airberlin where he held the position of chief financial officer for the past nine years.

He was one of the architects of the 2011 transaction in which Etihad Airways became a minority equity investor in airberlin.

The new role will see Hüttmeyer work closely with Etihad's equity partner airlines, and lead the profitability analysis in Etihad Airways and build key relationships with global suppliers, a statement said.

James Hogan, Etihad's president and CEO, said Hüttmeyer's experience and expertise would benefit the airline considerably.

"Etihad Airways has minority equity investments in eight airlines around the world and therefore it is vital that we build strength and depth in the financial strategy team to work with these partners on maximizing the potential synergies and mutual benefits," Hogan said.

"Ulf brings an incredibly valuable perspective to this role which will greatly benefit Etihad Airways and our partners."

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