EUROPE & CIS: Ogiermann steps down as Cargolux CEO

The CEO of Cargolux, Ulrich Ogiermann, has stepped down following his indictment by a US court for alleged involvement in the global air cargo cartel in order to prepare his defence against the cartel allegations. Frank Reimen has been appointed the new CEO and president of the Luxembourg-based airline, but Ogiermann will take up a […]


The CEO of Cargolux, Ulrich Ogiermann, has stepped down following his indictment by a US court for alleged involvement in the global air cargo cartel in order to prepare his defence against the cartel allegations. Frank Reimen has been appointed the new CEO and president of the Luxembourg-based airline, but Ogiermann will take up a role as special advisor. Cargolux said the decision to step aside had been jointly reached by the board of directors and Ogiermann. “Mr Ogiermann will now have more time to prepare his defence, while Cargolux can continue to benefit from his knowledge and expertise,” the carrier said in a statement. “The preparation of his legal defence will absorb time and energy and is not reconcilable with an effective day-to-day management of the company under trading conditions that will be challenging.” In late October, Ogiermann and Cargolux’s senior VP of Sales and Marketing, Robert van de Weg, were charged with conspiring to fix surcharge rates on air cargo shipments to and from the US. The US Justice Department claims Ogiermann participated in fixing the price of fuel, security and other surcharges from October 2001 until at least February 2006, while van de Weg is charged with involvement in the conspiracy between December 2003 and February 2006. If found guilty, the executives face up to 10 years in prison and fines of up to US$1 million. To date, a total of 18 airlines and 14 executives have been charged by the US.