3.5 years later

Olaf Kordes dismissed by Luxempart

Olaf Kordes became the managing director of Luxempart in March 2020. Photo: Romain Gamba / Maison Moderne archives

Olaf Kordes became the managing director of Luxempart in March 2020. Photo: Romain Gamba / Maison Moderne archives

Olaf Kordes, one of the two co-directors of Luxempart, has been dismissed by the Luxembourg investment company “for personal reasons,” says a press release. The news came five days after Kordes made vitriolic posts on social networks.

The press release is concise. On the evening of 8 October, Luxempart announced in six lines that one of its two co-directors, Olaf Kordes, was no longer with the firm. Kordes joined Luxempart in March 2020, taking over its operational management.

“Luxempart announces the departure by mutual consent of Olaf Kordes, one of its managing directors, for personal reasons,” says the press release. “Luxempart thanks Olaf Kordes for his great contribution to the group over the last years. He has been instrumental in implementing the group’s strategy and in developing our Direct Investments activity in France. We wish Olaf every success in his future endeavours.”

The departure leaves John PenningJohn Penning as the only co-director.

Five days before this announcement, Kordes posted vitriolic attacks against four government ministers online, referring by name to Xavier BettelXavier Bettel (DP), Paulette LenertPaulette Lenert (LSAP), Franz FayotFranz Fayot (LSAP) and Sam TansonSam Tanson (déi Greng) and accusing them of “refocusing on a slab of melting ice.”

This article was originally published in Paperjam. It has been translated and edited for Delano.