The Lufthansa Group named Kay Kratky CEO of Austrian Airlines,

the company announced Tuesday. Pending approval of the carrier's supervisory board next week, Kratky on Aug. 1 would succeed Jaan Albrecht, who is leaving the position to lead SunExpress, a joint venture of Lufthansa and Turkish Airlines. Kratky, currently COO of Lufthansa German Airlines, will lead Austrian Airlines in "a resolute modernization of its fleet and strengthening of Vienna as an air travel hub," Deutsche Lufthansa AG chairman and CEO Carsten Spohr said in a statement.