“Stefan Schulte has forged a sustainable strategy, transforming Fraport into one of the world’s leading international airport operators. Fraport is successful and heading in the right direction,” said Michael Boddenberg, the state of Hesse’s finance minister and Fraport AG’s supervisory board chairman. “Despite the significant turbulence during the coronavirus pandemic, Dr. Schulte has remained committed to important future-focused projects and has made significant progress with their implementation.”
One initiative launched under CEO Schulte is Fraport’s commitment to operate carbon-free across the Group by no later than 2045. In addition, significant infrastructure expansion projects are underway in Frankfurt, Lima, and Antalya. “By keeping Stefan Schulte in the lead management role, we’re sending a clear signal about Fraport AG’s development going ahead,” said Boddenberg. “We believe that Dr. Schulte will set the right priorities for the future of the company and its employees, while further reducing the pandemic-induced high debt. We expect that he will make strategic adjustments where necessary and will conclude some major projects to drive growth. We’re confident that Dr. Schulte will be able to call on his many years of experience to achieve these goals. On behalf of everyone on the supervisory board, I wish Stefan Schulte and the entire executive board every success as they continue their work.”
Dr. Schulte, who completed qualifications in banking and economics with a doctorate degree, began his career at Fraport AG as the company’s Chief Financial Officer. In addition to the role as CFO, he was appointed deputy chairman in April 2007. Dr. Schulte has served as Fraport’s CEO since September 2009.
Headquartered in Frankfurt, Germany, Fraport AG (Frankfurt Stock Exchange, MDAX) is one of the world leading players in the global airport business. Fraport’s portfolio of companies spans four continents with activities at 29 airports worldwide. In pre-pandemic 2019, more than 182 million passengers used airports actively managed by Fraport. Impacted by the Covid-19 pandemic, Fraport’s Group airports welcomed only about 146 million passengers in 2022. Fraport AG generated revenue of €3.2 billion and profit of some €167 million in fiscal year 2022 (Dec. 31).
Fraport’s home-base Frankfurt Airport (FRA) is strategically located in the heart of Europe at the junction of vital intermodal road, rail and air networks. The surrounding Frankfurt Rhine-Main-Neckar region serves as an economic powerhouse and logistics hub for Europe and the world. In 2019, FRA welcomed more than 70.5 million passengers and handled 2.1 million metric tons of cargo. Only 48.9 million passengers travelled through FRA in 2022, due to the Covid-19 pandemic. Cargo volumes reached 2.0 million metric tons in 2022. Based on the latest ranking for 2021, FRA ranks first for cargo in Europe.
Fraport AG – Frankfurt Airport Services Worldwide
Flughafen Frankfurt am Main
60547 Frankfurt
Telefon: +49 (69) 690-0
Telefax: +49 (69) 078001
http://www.frankfurt-airport.de
Sprecher Infrastrukturthemen und Terminal 3-Projektkommunikation
Telefon: +49 (69) 690-30713
E-Mail: C.Engel2@Fraport.de
