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            july 20, 2019

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Stefan Schulte to continue to head up Fraport for another five years


Fraport AG, the operator of Germany's Frankfurt Airport, has decided to keep executive board chairman and CEO Stefan Schulte in his current roles for a further five years until August 31 2014 when his renewed contract expires, reported Shipping Gazette.
Fraport supervisory board chairman Karlheinz Weimar said: "By following a clear strategy over the years Dr Schulte has successfully contributed to the further development of Fraport both in Frankfurt and worldwide. Not only is he respected as a dialog partner by local communities, Dr Schulte is nationally and internationally recognized as an aviation expert with a vast network of connections throughout the industry.
"Therefore, we are pleased that Fraport will continue benefiting from his long-standing expertise, experience and dedication as Fraport's CEO in the coming years. By reconfirming Dr Stefan Schulte at the helm of Fraport's executive board, we are demonstrating our commitment to advance the company further on its success path."
Dr Schulte completed his education and training in banking and economics with a doctorate in business administration. He joined the company in 2003 as the chief financial officer. He was appointed deputy chairman of the executive board in April 2007 and he has served as Fraport's CEO since September 2009, eTurbo News, Hawaii reported.

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