GERMANY. Fraport’s supervisory board has agreed a five-year contract extension for the company’s Executive Board Chairman (CEO) Dr. Stefan Schulte. The new contract is effective from 1 September 2019 and will run until 31 August 2024.
The move ensures leadership continuity at Fraport. The company said in a statement that the contract extension underscores the board’s recognition of the company’s growth in Germany and abroad.
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 dialogue partner by local communities, Dr. Schulte is nationally and internationally recognised as an aviation expert with a vast network of connections throughout the industry. Therefore, we are pleased that Fraport will continue benefiting from his longstanding expertise, experience and dedication as Fraport’s CEO in the coming years.”
Dr. Schulte joined Fraport from Deutz in 2003 as the company’s CFO. In April 2007, he was appointed Deputy Chairman of the executive board and since September 2009 he has been serving as CEO.
He is also the Chair of the audit committee of Airports Council International, as well as a member of the board of ACI Europe. Earlier this year, Dr. Schulte took up the position of President of the German Airports Association (ADV).
