AirPlus International names new CEO following acquisition

Mads Krumhardt Enggren has been named the new CEO of corporate payments specialist AirPlus International, marking the company’s transition to Sweden’s SEB Kort Bank following a €450 million sell-off from Lufthansa Group.

The now finalised acquisition, first announced in June 2023, will see former CEO Oliver Wagner remain with the Lufthansa Group after more than four years at the helm of AirPlus.

Krumhardt Enggren, previously the managing director of SEB Kort Bank, has 28 years of experience in the finance and credit card industry, including 20 years at SEB Kort, where he’s held various managerial and corporate sales roles. In 2018, he was appointed CEO of SEB Kort after seven years as head of the corporate segment, where he led the development of B2B products in Denmark, Finland, Norway and Sweden. 

Together with Krumhardt Enggren, SEB Kort’s head of legal, Tove Markelin, will join the management board of AirPlus, alongside Andreas Hagenbring and Erik Mosch, who has been appointed managing director. 

“With Mads Krumhardt Enggren and Tove Markelin, AirPlus is gaining two managers with proven experience in the corporate payment industry,” said Mats Torstendahl, member of the AirPlus supervisory board and deputy president and CEO of SEB.

“Equally, Andreas Hagenbring and Erik Mosch have played a vital role in positioning AirPlus as a leading global corporate payment expert. With this management team, AirPlus is ideally positioned to create the leading corporate payment provider in Europe with global reach and to drive the digital transformation in the payment industry,” Torstendahl said.

Commenting on the completion of the transaction, Lufthansa board member Michael Niggemann said: “I am delighted that we have found a strong new owner from the financial sector in SEB Kort, with whom AirPlus will write the next chapter of success and continue to drive forward the digital transformation in the payment sector.”