Deutsche Boerse, a financial marketplace operator, has announced that its supervisory board has extended the appointment of Reto Francioni as CEO of the company by five years with effect from November 1, 2008.

Mr Francioni took up the post of CEO for three years on November 1, 2005.

Kurt Viermetz, chairman of the supervisory board, at Deutsche Boerse, said: Deutsche Borse is extremely successful and has set the right course. The supervisory board is delighted to be able to continue on this successful path with Dr Francioni and his executive board team.