Divisional responsibilities of the executive board to be reallocated
Posted: 24 March 2014 | Fraport AG | No comments yet
Fraport AG’s executive board member and executive director operations, Peter Schmitz, will leave the company at his own request…
Fraport AG’s executive board member and executive director operations (COO), Peter Schmitz, will leave the company at his own request, effective August 31, 2014, when his current contract expires. Fraport AG’s supervisory and executive boards have agreed not to fill this position but instead to reallocate the board’s divisional responsibilities among only four executive board members.
Peter Schmitz joined Fraport AG in March 2001. From 2002 to 2009, he served as senior executive vice president for Fraport AG’s “Ground Services” strategic business unit, before joining the executive board in 2009 as member and executive director operations. In this role, he had board responsibility for “Airside and Terminal Management, Corporate Safety and Security” strategic business unit, as well as for the company’s “Real Estate and Facility Management” and “Information and Telecommunications” service units.
After Peter Schmitz leaves the company, the divisional areas of responsibility within Fraport’s executive board will be reallocated as follows:
Executive board member Anke Giesen will take over the “Airside and Terminal Management, Corporate Safety and Security” strategic business unit. She will retain responsibility for two other strategic business units, “Airport Security Management” and “Retail and Properties”, as well as for the “HR Top Executives” central unit.
Board responsibility for Fraport’s “Ground Services” strategic business unit will shift to executive board member Michael Müller – who had been previously in charge of this unit as senior executive vice president, before joining Fraport AG’s executive board as executive director labor relations. He will continue to have board responsibility for the “Human Resources” and “Central Purchasing, Construction Contracts” central units.
Fraport’s CFO and executive board member Dr. Matthias Zieschang will take over responsibility for the “Real Estate and Facility Management” and “Information and Telecommunications” service units. He will retain responsibility for the “Corporate Infrastructure Management” service unit, as well as the “Finance and Investor Relations” and “Accounting” central units.
Fraport AG’s executive board chairman (CEO) Dr. Stefan Schulte will take over board responsibility for the “Global Investments and Management” central unit – which oversees Fraport AG’s portfolio of international Group airports and other investments. Schulte will continue to have board responsibility for the following central units: “Corporate Compliance, Risk and Values Management”, “Internal Auditing”, “Corporate Development, Environment and Sustainability” and “Corporate Communications”.
Further information about Fraport AG’s organizational structure and various fields of activity can be found on the company’s Web site at: