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Condor Supervisory Board Reappoints Ralf Teckentrup as Chief Executive Officer for Another Two Years

The Condor Supervisory Board has reappointed company’s Chief Executive Officer Ralf Teckentrup for another two years. Condor’s Chief Operating Officer and Accountable Manager, Christian Schmitt will also remain in office.

Left to Right: Condor's COO and Accountable Manager Christian Schmitt, Company CEO Ralf Teckentrup and CFO Christophe Debus - Courtesy Condor

On Friday (December 3, 2021), Condor announced that in a vote of confidence, the company’s Supervisory Board has reappointed Chief Executive Officer Ralf Teckentrup for another two years. Additionally, the airline’s Chief Operating Officer and Accountable Manager, Christian Schmitt, will remain in office. Condor’s Chief Financial Officer, Christophe Debus, will leave the company at his own request at the end of February 2022 to pursue other interests and his successor will be announced at a later date.

In today’s announcement, Condor’s Supervisory Board Chairman, Friedrich Andreae, said,

“With Ralf Teckentrup and Christian Schmitt, the company continues to have strong leaders for the long-term further development of Condor into the leading European vacation carrier. With a new majority owner, the modernization of the fleet and the expertise and experience of this management team, Condor is well prepared for a successful take-off.

“We very much regret that Christoph Debus will be leaving Condor and would like to expressly thank him on behalf of the Supervisory Board and Condor's workforce. Following the insolvency of Thomas Cook, Christoph Debus was an integral part of restructuring Condor and setting the course for the future. We wish him all the best professionally and privately.”

Ralf Teckentrup has served as Condor’s CEO since 2004 and will continue to steer the popular German leisure carrier’s fortunes with responsibility for all commercial areas. Christian Schmitt has been Condor’s COO since 2017, and as Accountable Manager, will continue to be responsible for the company’s entire operations. Christophe Debus was the CEO of Thomas Cook Group Airlines and stepped in as Condor’s CFO after Thomas Cook’s insolvency. During his time at Condor, Mr. Debus drove forward the airline’s rapid reorganization and refinancing, while also finding a new owner for the company. Condor has had a new majority owner since July 2021 and also ordered 16 new Airbus A330neos on the same day.

Founded in 1956, Condor is Germany’s favorite leisure airline, normally serving around 9.4 million guests annually to 90 destinations in Europe, Africa and America from eight German gateways, Vienna and Zurich. During the financial year 2018/2019, Condor Flugdienst recorded a net profit of €57 million on revenue of €1.7 billion. The German leisure carrier has a fleet of 50 aircraft which are meticulously maintained to the highest safety standards by their wholly-owned subsidiary Condor Technik with facilities in Frankfurt and Düsseldorf.

Source: Condor

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