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    DGAP-News  684  0 Kommentare IMMOFINANZ - announcement of successor to CEO


    DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Change of
    Personnel
    IMMOFINANZ - announcement of successor to CEO

    06.06.2014 / 08:00

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    Eduard Zehetner to hand over to Oliver Schumy on 1 May 2015


    The Supervisory Board of IMMOFINANZ announced a successor to CEO Eduard
    Zehetner: Oliver Schumy (43) will be appointed to the Executive Board of
    this real estate corporation as of 1 March 2015 for a period of five years.
    As of 1 May 2015 he will follow Eduard Zehetner as speaker of the Executive
    Board. Eduard Zehetner's term of office, which would have expired on 30
    November 2014, will be extended to 30 April 2015.

    Oliver Schumy currently serves as Chief Financial Officer (CFO) of the
    Mayr-Melnhof Group, where he was appointed in June 2008. He has extensive
    operating experience in Russia, Poland, Romania and Hungary. Schumy holds a
    doctorate in economics and previously worked for Mayr-Melnhof as Group
    Finance Director and in other key functions in the areas of finance, tax,
    group accounting and M&A.

    "With Oliver Schumy we have found an excellent successor for the position
    of Chief Executive Officer. He represents the continuation of IMMOFINANZ
    Group's growth and optimisation strategy as the leading commercial property
    investor and developer in Central and Eastern Europe", commented Michael
    Knap, Chairman of the Supervisory Board of IMMOFINANZ. "On behalf of the
    entire Supervisory Board, I would like to thank Eduard Zehetner for
    extending his term of office as CEO to the end of the current 2014/15
    financial year. This will ensure a smooth transition."

    Eduard Zehetner (62) has been a member of the IMMOFINANZ Executive Board
    since the end of November 2008 and CEO since February 2009. Following the
    successful reorganisation and strategic reorientation of the Group, his
    request was to transfer to a successor at the end of his contract.


    On IMMOFINANZ Group
    IMMOFINANZ Group is one of the leading listed property investors and
    developers in Europe. The company is included in the leading ATX index of
    the Vienna Stock Exchange and also trades on the Warsaw Stock Exchange.
    Since its founding in 1990, the company has compiled a high-quality
    property portfolio with a carrying amount of approx. EUR 7.4 billion. As a
    "real estate machine", the company concentrates on linking its three core
    business areas: the development of sustainable, specially designed prime
    properties in premium locations, the professional management of these
    properties and cycle-optimised sales. Following the spin-off of BUWOG,
    IMMOFINANZ Group has a sharpened profile as a specialist for office, retail
    and logistics properties in Central and Eastern Europe as well as Russia.
    Further information under: http://www.immofinanz.com |
    http://blog.immofinanz.com | http://properties.immofinanz.com


    For additional information please contact:

    MEDIA INQUIRIES

    Bettina Schragl
    Head of Corporate Communications | Press Spokesperson
    IMMOFINANZ Group
    T +43 (0)1 88 090 2290
    M +43 (0)699 1685 7290
    communications@immofinanz.com


    INVESTOR RELATIONS

    Stefan Schönauer
    Head of Corporate Finance & Investor Relations
    IMMOFINANZ Group
    T +43 (0)1 88 090 2312
    M +43 (0)699 1685 7312
    investor@immofinanz.com


    End of Corporate News

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    06.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a
    company of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    Language: English
    Company: IMMOFINANZ AG
    Wienerbergstraße 11
    1100 Wien
    Austria
    Phone: +43 (0) 1 88090 - 2291
    Fax: +43 (0) 1 88090 - 8291
    E-mail: investor@immofinanz.com
    Internet: http://www.immofinanz.com
    ISIN: AT0000809058
    WKN: 911064
    Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
    Open Market ; Wien (Amtlicher Handel / Official Market)


    End of News DGAP News-Service
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    272515 06.06.2014



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    DGAP-News IMMOFINANZ - announcement of successor to CEO DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Change of Personnel IMMOFINANZ - announcement of successor to CEO 06.06.2014 / 08:00 --------------------------------------------------------------------- Eduard Zehetner to hand over to Oliver …