Luxembourg's former Minister of the Economy and Deputy Prime Minister Etienne Schneider will assume new responsibilities in the country's economy.

The politician from the Luxembourg Socialist Workers' Party (LSAP) will become the new head of LUX TP's board of directors. Schneider succeeds Jean Cazzaro as the company's president.

LUX TP is a Luxembourg-based construction company founded in 1973 and employs around 300 people.

The company is a subsidiary of the Belgian BESIX construction group, where Schneider had already been appointed member of the board in July 2020.