By Carlo Martuscelli
Deutsche Boerse AG said Friday that it has extended the contract of Chief Executive Theodor Weimer until the end of 2024 in a vote of confidence in his leadership.
Mr. Weimer joined the German stock-exchange operator two years ago and his contract was due to expire at the end of this year.
Joachim Faber, chairman of Deutsche Boerse's supervisory board, called his leadership convincing.
"He has driven the growth of the company, significantly increased the share price, re-motivated our workforce and gained a high reputation among all our stakeholders in politics and society," Mr. Faber said.
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