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02.02.2007 – 14:43

Fraport AG

Fraport Gets New CFO
Supervisory Board Approves Appointment of Dr. Matthias Zieschang

Fraport Gets New CFO / Supervisory Board Approves Appointment of Dr. Matthias Zieschang
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    Frankfurt (ots)

    - Cross-reference: Picture is available at
        http://www.presseportal.de/galerie.htx?type=obs -

    Fraport AG's supervisory board today approved the appointment of Dr. Matthias Zieschang (age 46) as the company's new executive board member responsible for finance (chief financial officer or CFO).  Dr. Zieschang is currently the executive board member for finance and controlling at DB Netz AG.  

    Born in Höxter, Germany, Zieschang is married and the father of three daughters.  He will take over as CFO from Dr. Stefan Schulte, who in an earlier supervisory board decision was appointed Fraport vice chairmanship effective April 1, 2007.  Dr. Schulte succeeds Prof. Manfred Schölch, who has reached retirement after 36 years of service.

    After graduating from a business high school in Ludwigshafen. Zieschang studied national economics and business administration at the University of Mannheim.  Under a three-year assistant position at the Technical University of Darmstadt, he received his "Dr. rer. pol." degree in economics.  Also during this time, he was guest lecturer at the renowned Tongji University of Shanghai, China.

    Zieschang began his professional career in 1990 as a specialist for capital market financing at BASF AG in Ludwigshafen.  In  1994 he moved to Deutsche Bahn AG, where he served as the department head of financial strategy and planning, and later as department head of project and investment financing.  In 1999 he assumed the executive board position for finance, controlling and information technology (IT) at Scandlines AG in Rostock - a joint venture of Deutsche Bahn AG and the Kingdom of Denmark.  At the request of Deutsche Bahn AG, he took on the job of executive board member for finance and controlling at DB Netz AG in 2001, where until now he has been responsible for the company's restructuring process.

    A wholly-owned subsidiary of Deutsche Bahn AG,  DB Netz AG is an infrastructure company with more than 40,000 employees responsible for the operation and maintenance of Deutsche Bahn's approximately 34,000 kilometer-long rail network.  

    Fraport AG's supervisory board chairman and Hessian State minister Karlheinz Weimar welcomed Zieschang appointment: "We're bringing a highly qualified manager on board. Thus, during this particularly challenging time for the company we expect Dr. Zieschang to forge strong finance policy in the future, with the confidence of shareholders, customers, and business partners alike."

    Fraport's executive board chairman Dr. Wilhelm Bender is looking forward to working with the new CFO.  He said, "The coming years of airport expansion, the incremental development of Frankfurt Airport City, and the market challenge - in view of capacity constraints and redevelopment of internal structures - require a new CFO with special expertise, alertness, and energy."  "We are pleased," continued Bender, "that we could fill this  position with such a proven specialist."

For More Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide Robert A. Payne, B.A.A. - Manager International Press Press Office (Dept. UKM-PS), Corporate Communications (UKM) 60547 Frankfurt am Main, Federal Republic of Germany Tel.: +49 69.690.78547; Fax: +49.69.690.60548; E-mail:  r.payne@fraport.de;  Internet:  www.fraport.com

Original content of: Fraport AG, transmitted by news aktuell

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