The term of office of CEO Theodor Weimer at Deutsche Börse is coming to an end. His successor moves up a level.
Deutsche Börse will have a new co-chief executive at the turn of the quarter. Stephan Leithner will take office effective October 1st and will then lead the DAX group together with Theodor Weimer. He will leave Germany’s largest stock exchange operator after seven years at the end of 2024 and will then be replaced by Leithner as sole boss.
The former Deutsche Bank manager has been a member of the board of Deutsche Börse since 2018. The Austrian, born in 1966, was most recently responsible for the Investment Management Solutions division. In it, Deutsche Börse bundles its business with stock market indices, software & analytics as well as ESG data, which are intended to provide investors with guidance for responsible business.
Weimer is handing Leithner over a company that has grown significantly in recent years. This year, the record result from 2023 is expected to be exceeded again – also thanks to the takeover of the Danish software provider Simcorp. In this way, Deutsche Börse wants to further reduce its dependence on fluctuations on the financial markets.
A change is also imminent at the top of the supervisory board of Deutsche Börse. Martin Jetter, who was only elected chairman of the supervisory board in May for another three years, will resign from his position after the 2025 general meeting. A successor is not yet known.
Source: Stern
