Fraport AG

Fraport AG Creates General Manager Positions to Head Two Business Divisions

Frankfurt, Germany (ots) - The Supervisory Board of Fraport AG Frankfurt Airport Services Worldwide announced last Friday the creation of two general manager positions to be responsible for the overall direction of the company's two largest business divisions, Traffic and Retail (VTM) and Aviation Ground Services and Logistics (BVD). Effective January 1, 2002, Bernd L. Struck (age 44), who is currently Executive Vice President of VTM, and Peter Schmitz (age 51), who is Executive Vice President of BVD, will assume the new general manager positions for their respective divisions. These appointments are a further step in Fraport AG's policy of decentralization and increased customer orientation, with clearly assigned responsibilities in the Aviation and Non-aviation business segments, as well as Ground Handling. Bernd Struck, with Fraport AG since July 1997, was initially responsible for terminal operations. In October 1999 he became Senior Vice President of the newly formed VTM strategic business division, which also includes airside management at Frankfurt Airport. Before joining Fraport, Struck was Managing Director of United Airlines for Germany and Austria, as well as Chairman of BARIG, the Board of Airlines Representatives in Germany. Peter Schmitz (age 51), who holds a degree in business administration, came to Fraport AG in March 2001. For over 25 years, he held various position in the field of air force logistics at the national and international level. Before joining Fraport, he headed the logistics department of NATO Air Forces Central Europe in Ramstein, Germany, where he was responsible for supporting the deployment of the German Air Force's operational units. ots Original Text: Fraport AG Internet: http://www.presseportal.de For More Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide Attn: Robert A. Payne - Manager International Press 60547 Frankfurt am Main, Germany Tel.: +49 69 690 -78547 (with voice mailbox) Fax: +49 69 690 -60548 E-Mail: r.payne@fraport.de Internet: www.fraport.de (click on "Press Lounge") Original-Content von: Fraport AG, übermittelt durch news aktuell

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