Leadership Shuffle For Frankfurt Airport's Retail JV At Key Time [Forbes]
FRAPORT AG UNSP/ADR (FPRUY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
One of the world's busiest international airports will have a new managing director co-running its retail business from January 1, 2025, when Gordana Schiel takes the reins—a year ahead of a huge additional shopping offer to be inaugurated at the Lufthansa hub in 2026. Frankfurt Airport Retail (FAR)—the 50:50 joint venture between Fraport, the listed operator of Frankfurt Airport, and Hamburg-based travel retailer Gebr. Heinemann—has appointed Schiel to its top team alongside Georg Fuhrmann, who represents Fraport and has held his managing director role for eight years. Schiel will be taking a big step up when she leaves her current role as managing director of the much smaller Düsseldorf Duty Free where she has been in charge since January 2023. Düsseldorf Airport is Germany's fourth busiest gateway handling just over 19 million passengers in 2023 whereas Frankfurt Airport processed more than triple that number at 59.4 million. The retail area at the hub is also more than three
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