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InCity Immobilien AG: MICHAEL FREUND TO REMAIN CHAIRMAN OF THE MANAGEMENT BOARD (CEO) OF INCITY AG FOR ANOTHER FIVE YEARS

DGAP-News: InCity Immobilien AG / Key word(s): Personnel InCity Immobilien AG: MICHAEL FREUND TO REMAIN CHAIRMAN OF THE MANAGEMENT BOARD (CEO) OF INCITY AG FOR ANOTHER FIVE YEARS 13.06.2022 / 13:03 The issuer is solely responsible for the content of this announcement.

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MICHAEL FREUND TO REMAIN CHAIRMAN OF THE MANAGEMENT BOARD (CEO) OF INCITY AG FOR ANOTHER FIVE YEARS

• Employment contract renewed prematurely through November 2027
• Staff continuity on senior management level assured for the future

Frankfurt am Main, 13 June 2022 – The supervisory board of InCity Immobilien AG (“InCity AG”) unanimously voted to extend the management board appointment of its chairman (CEO), Michael Freund, by another five years.
 

The current term, which under the prior contract would have ended in November 2022, will therefore not expire until the end of day of 7 November 2027. Michael Freund, born in 1972, has been with InCity Immobilien AG since December 2021. Having initially served as Chief Financial Officer (CFO), he headed the company from April 2015 through November 2017 as sole member of the management board, and since then as chairman of the board (CEO) together with Helge H. Hehl as CFO. The contract of Helge H. Hehl was already extended in 2020 until November 2024.
“With its decision, the Supervisory Board assured the staff continuity of the company’s senior management, said Georg Oehm, Chairman of the Supervisory Board of InCity AG. “At this time, we would like to voice our appreciation and recognition of the accomplishments that the dual leadership team of Michael Freund and Helge H. Hehl have achieved so far while wishing them the best of luck in the further implementation of our corporate strategy, which aims for medium- and long-term capital growth.”

Contacts for enquiries:

InCity Immobilien AG
Beethovenstraße 71
60325 Frankfurt am Main
www.incity.ag

Press contact
Peter Dietze-Felberg
Phone: [phone]
[e-mail]

Investor Relations
Helge H. Hehl, CFA
Phone: [phone]
[e-mail]

About InCity Immobilien AG