Eric Born to extend as President & CEO of Swissport International Ag until the end of 2020
Following the announcement of plans for a refinancing of certain outstanding debt of Swissport Group S.à r.l., an indirect parent company of Swissport International AG, Eric Born, President & CEO of Swissport International AG, agreed to extend his contract subject to the company’s successful completion of the debt refinancing.
Eric Born, President & CEO of Swissport International AG, who was due to leave the company at the end of 2019, has agreed to extend his contract subject to the company’s successful completion of a planned debt refinancing by 30 September 2019. Eric Born’s extension as President & CEO would be for a further year to the end of 2020. The contract extension and the refinancing will ensure strategic continuity and financial stability, enabling Swissport to further consolidate its leading market position. After a successful 2018 business year, this is a signal of continuity for Swissport’s customers, its employees, partners and investors.
Eric Born has been serving as the President & CEO of the world leader in airport ground services and air cargo handling since August 2015. He has a strong track record in creating value in private equity owned and publicly listed organizations across retail, logistics and aviation services. During his tenure, he and his management team have continuously extended Swissport’s global leadership by driving organic growth and through targeted acquisitions, while streamlining the structure and improving the result.
In 2018, Swissport International AG provided best-in-class airport ground services for some 282 million airline passengers and handled roughly 4.8 million tons of air freight in 115 cargo warehouses worldwide. Several of its warehouses have been certified for pharmaceutical logistics by IATA’s CEIV. The world's leader in airport ground services and air cargo handling, with 66,000 employees, achieved consolidated operating revenue of 2.99 billion euros in 2018. At the end of June 2019, Swissport was active at 310 airports in 49 countries on six continents.