Development into an international construction services provider
When the construction boom triggered off by reunification had slackened in the mid-1990s,
the innate problems in the German construction industry came clearly to light. The HOCHTIEF CEO at the time,
Dr. Hans-Peter Keitel (1947*), responded to these problems by systematically restructuring the company.
Keitel had joined the HOCHTIEF Executive Board in 1990 and became Chairman in 1992. Under his leadership,
the company developed into an international provider of construction and construction-related services.
The new product and service offer comprises development, construction, services plus concessions and operation.
In a fresh move, HOCHTIEF opened up new business fields such as project development, airport management and
facility management. This service package formed the basis, among others, for the construction of Athens
Airport (1996-2000) which HOCHTIEF now operates as airport manager. The realignment of the Group also brought
about changes in the personnel structure: In addition to people from the traditional field of construction,
HOCHTIEF's workforce today comprises financing experts, airport managers, sound technicians and school janitors,
to mention but a few. After 15 years at the top of the company, Keitel left the HOCHTIEF Executive Board in
2007 and became a member of the Supervisory Board.
In his post as CEO, Keitel was succeeded by Dr. Herbert Lütkestratkötter (*1950). Mechanical
engineer Lütkestratkötter joined HOCHTIEF in 2003 and, on the Executive Board, first took on
responsibility for the HOCHTIEF Americas division and the business fields of public-private partnership (PPP)
and facility management.
One example in this context is the WestendDuo office property in Frankfurt: HOCHTIEF Projektentwicklung designed
the complex, HOCHTIEF Construction performed the building works, HOCHTIEF Facility Management is responsible for
operation, and HOCHTIEF Property Management is in charge of portfolio management.
HOCHTIEF is continuously expanding its local presence in the world's most important construction markets. In 2007,
it acquired civil engineering company Flatiron, one of the



