Cargolux announced today that David Arendt has resigned as the Company’s Executive Vice President and Chief Financial Officer. He will leave the Company before the end of the year. Until that time, David will remain fully committed to his present role and continue to be closely involved in all Company matters that currently occupy him, most particularly the financing of the Cargolux fleet renewal.
David Arendt has been with the Company since 1998 as Chief Financial Officer and was named Executive Vice President in May 2003.
David has decided to pursue another activity at a new Freeport to be based at Findel, Luxembourg’s national airport. In his new role, Cargolux and David’s firm are expected to cooperate closely as the VAT-free zone at Findel is designed to enhance the attractiveness of the Luxembourg logistics sector by creating a new niche for forwarders of valuable goods. With over 40 years of experience, Cargolux is a reliable partner for the safe and secure transportation of high-value freight.