Fraport extends CEO contract to 2019

German airport operator Fraport AG said that its supervisory board has approved a five-year contract extension for the company´s executive board chairman Stefan Schulte.

Schulte´s current term as CEO, which expires in August 2014, will be extended until August 31, 2019.

Fraport supervisory board chairman Karlheinz Weimar said that the board´s early renewal ensures continuity at the helm of the firm.

Schulte has been serving as Fraport´s CEO since September 2009. In 2007, he became Fraport´s vice chairman of the executive board. From 2003 to 2007, he held the position of executive board member responsible for finance.

Before Fraport, Schulte was board member of Cologne-based Deutz AG, where he was responsible for finance and human resources.

Find out more at www.fraport.com.

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