FRANKFURT/ESCHBORN (dpa-AFX) - Change of leadership at Deutsche Borse: Stephan Leithner, who had been Co-CEO of the DAX-listed group since October, took over sole management of the company at the turn of the year. His predecessor Theodor Weimer left the Frankfurt-based market operator at the end of 2024 after seven years at the helm.
Former Deutsche Bank manager Leithner joined Deutsche Borse in 2018, a few months after Weimer - previously head of HypoVereinsbank (HVB). The Austrian, born in 1966, was most recently responsible for the "Investment Management Solutions" division on the Management Board, which includes Deutsche Borse's most recent billion-euro acquisition: the Danish software provider Simcorp.
New line-up on the Supervisory Board too
A change is also in the offing at the top of the Supervisory Board of Deutsche Borse AG: Immediately following the Annual General Meeting on May 14, 2025, the Supervisory Board intends to elect Clara-Christina Streit as Martin Jetter's successor. Streit has been a member of the Supervisory Board of Deutsche Borse since 2019. She is also currently Chairwoman of the Supervisory Board at real estate group Vonovia and Chairwoman of the Government Commission on the German Corporate Governance Code, which is concerned with rules for good corporate governance.
Jetter, who was only elected Chairman of the Supervisory Board for a further three years in May 2024, informed the company shortly afterwards that he would be stepping down after the Annual General Meeting in May 2025.
Borse on record course
Weimer is handing Leithner a Group that has grown strongly in recent years. The Management Board's common goal was to exceed the previous year's record result again in 2024 - also thanks to the Simcorp acquisition. According to the latest forecasts, the Management Board expects earnings before interest, taxes, depreciation and amortization (EBITDA) to reach between EUR 3.3 billion and EUR 3.4 billion in 2024. In 2023, the DAX-listed company had earned slightly more than 2.9 billion euros in operating terms./ben/DP/he