Supervisory Board report
The Supervisory Board was informed regularly and in detail by the Executive Board in written reports and at meetings about the Company’s situation, its development, and important business events. In its meetings and the meetings of its committees, the Supervisory Board discussed all major company matters and made such decisions as it was called upon to make in accordance with its statutory responsibilities. The Supervisory Board met for seven meetings during the fiscal year. The working committee held four meetings. The HR committee convened six times.
As at December 31, 2019, the Chief Executive Officer, Dr. Michael Kerkloh, retired from the company after more than seventeen years at the head of the FMG Group. The Supervisory Board thanked Dr. Kerkloh for his invaluable service to Munich Airport. Mr. Jost Lammers has been appointed as his successor. The Supervisory Board wishes him every success in his new role.
The financial statements as at December 31, 2019, and the Management Report of Flughafen München GmbH and of the Group presented by the Executive Board have been audited and issued with an unqualified opinion by KPMG AG Wirtschaftsprüfungsgesellschaft, Munich, the appointed auditor.
Having conducted its own review, the Supervisory Board acknowledges the auditor’s findings and raises no objections.
In accordance with Section 52(1) of Germany’s Limited Liability Companies Act (GmbHG) and Section 171(2) of Germany’s Stock Corporations Act (AktG), the Board approves the financial statements of FMG and the consolidated financial statements. It proposes that the shareholders endorse the financial statements of FMG and approve the consolidated financial statements.
The Supervisory Board wishes to express its gratitude and respect for the work carried out and the successes achieved by the company’s Executive Board and employees in fiscal year 2019.
Munich, June 24, 2020
For the Supervisory Board
Minister of State Albert Füracker
Chairman of the Supervisory Board of Flughafen München GmbH