Stephan Leithner will become co-head of Deutsche Börse on October 1st and will take over sole leadership of the DAX group at the turn of the year. On Friday, the Supervisory Board appointed the 57-year-old Chairman of the Board of Management of Deutsche Börse AG for a period of five years, the company announced. Leithner and Weimer will act as co-heads of the Frankfurt market operator until the incumbent CEO Theodor Weimer leaves office on December 31, 2024.
Former Deutsche Bank manager Leithner, who has been a member of the Deutsche Börse board since 2018, will reportedly be promoted to the position of deputy chairman of the board with immediate effect. Leithner is currently responsible for the “Pre- and Post Trading” department, which includes, among other things, the custody business of the subsidiary Clearstream.
His area of responsibility also includes the segment in which the most recent billion-dollar takeover, the Danish software provider Simcorp, is located. The former Hypovereinsbank boss Weimer took over the management of Deutsche Börse on January 1, 2018. In his farewell year, he aims to once again exceed the record result of 2023.
Last year, Deutsche Börse was able to increase its net revenue by 17 percent to almost 5.1 billion euros compared to the previous year. Earnings before interest, taxes, depreciation and amortization (Ebitda) also climbed by 17 percent to just over 2.9 billion euros. The bottom line is that profits increased by 15 percent to a good 1.7 billion euros within a year. In the current year, the group expects net revenue to grow to more than 5.6 billion euros and an increase in Ebitda to more than 3.2 billion euros. The Executive Board is aiming for double-digit sales and earnings growth year after year up to and including 2026. The Simcorp acquisition should help with this.