Theodor Weimer has been appointed for three years as new Chief Executive Officer at today’s meeting of the Supervisory Board of Deutsche Börse AG.

In January, 57-year-old Weimer will take over from CEO Carsten Kengeter who leaves the company at the end of 2017. Weimer is currently spokesman of the Management Board of HypoVereinsbank – UniCredit Bank AG (Munich).

Weimer studied economics, business administration and geography in Tübingen and St. Gallen and did his doctorate at the University of Bonn. After his time at the university, Weimer, who was born in Wertheim, worked for the management consultants McKinsey and Bain. In 2001, he joined Goldman Sachs as Managing Director and later became Investment Banking Partner there. In 2007, Weimer joined the UniCredit Group as Head of Global Investment Banking in Munich. In 2009, he was appointed Spokesman of the Management Board of HypoVereinsbank (today UniCredit Bank AG). In this function, Weimer also belongs to the Executive Management Committee of the UniCredit Group.

Joachim Faber, Chairman of the Supervisory Board of Deutsche Börse AG, said with regards to the appointment of the new CEO: “Theodor Weimer has strong leadership skills and possesses many years of capital market experience – I am very pleased that he will take over the CEO role. Theodor Weimer is a highly respected financial sector expert who understands the business of our clients very well. He is both internationally oriented and deeply rooted in our home market and very well connected with regulators. He has all the prerequisites to successfully continue Deutsche Börse Group’s growth agenda. ”

Faber continued: “On behalf of the entire Supervisory Board, I would like to thank Carsten Kengeter, who established strong new strategic direction for the company in a difficult time and enhanced the company’s competitiveness.”

Theodor Weimer, referring to his move to Deutsche Börse Group, said: “I am looking forward to a challenging task in a very international and technologically leading global company whose roots lie in Frankfurt as a financial center. In a financial center that should become even stronger. Deutsche Börse will make its contribution to achieve this.”

In addition to appointing the new CEO as of 1 January 2018, the Supervisory Board of Deutsche Börse AG has also made two further personnel decisions at its meeting today. The management contracts of Andreas Preuss and Jeffrey Tessler were each extended by one year. Andreas Preuss is Deputy CEO and responsible for IT, operations, the data business and the subsidiaries EEX and 360T. Jeffrey Tessler is responsible for clients, products and core markets. In this function, he leads Eurex and Clearstream – the two business segments with the highest revenues within the Group.

“By appointing Theodor Weimer and extending the contracts of Andreas Preuss and Jeffrey Tessler, it is possible to give the company new impetus on the one hand and ensure the necessary continuity in the work of the Executive Board on the other hand”, commented the Chairman of the Supervisory Board.

Source: Deutsche Börse