Corio appoints Jaap Blokhuis to lead disposal programme

Corio intended to announce the proposed appointment of a COO/CIO and member of the Management Board of Corio NV today by means of the AGM agenda and circular. Corio had finished the process of selecting a COO/CIO including approval of the Netherlands Authority for the Financial Markets (AFM). Unfortunately, due to unforeseen personal medical circumstances, the candidate had to withdraw at the last moment. The company regrets this situation, but has full understanding and respect for the decision taken.

To handle this unexpected situation, Corio has taken immediate action. Jaap Blokhuis (1958), currently member of Corio's Supervisory Board, is prepared to resign from the Supervisory Board to accept a position until a candidate for COO/CIO can be proposed to the shareholders for appointment. He will be in charge of the disposal programme of the Traditional Retail Centre portfolio of  € 1.4 billion, to be sold over the next 3 - 4 year, that was announced during the Capital Markets Day in December 2012. Mr. Blokhuis will not be a member of the Management Board. He will report to Mr. Gerard Groener (CEO) and start as of 1 April 2013. As soon as a COO/CIO has been appointed by the shareholders, it will be proposed to reappoint Mr. Blokhuis as a member of the Supervisory Board in the same General Shareholders Meeting.

Mr. Blokhuis started his career in real estate in 1983 at ING. After  multiple management positions he became director Real Estate Asset Management/Fund Management, a position he held from 1994 to 1999. From 1999 to 2011, Mr. Blokhuis was CEO of Redevco, a privately held real estate asset management and development company with a portfolio value of € 7.5 billion at year-end 2011 and he is currently an independent advisor.

Composition of Corio's Management Board
The composition of Corio's Management Board remains unchanged and consists of Mr. Gerard Groener (CEO), Mr. Ben van der Klift (CFO) and Mr. Frederic Fontaine (COO/CDO). Mr. Fontaine is responsible as COO for Corio's operations in Spain, Italy and Turkey and as CDO for the overall development pipeline. France, The Netherlands and Germany will be led by Mr. Groener until a COO/CIO has been appointed.

AGM
Corio has published the agenda and circular for the Annual meeting of Shareholders on its website (www.corio-eu.com/shareholders-meeting.html). The meeting will be held in the Spoorwegmuseum in Utrecht on 18 April 2013 at 15.00.

 

Press release

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Source: Corio NV via Thomson Reuters ONE

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