EQS-News 401 0 Kommentare Adler Group S.A. strengthens Senior Management with expanded expertise - Seite 2

„With Hubertus Kobe, we have gained a leader for Adler Group with extensive experience and expertise in the real estate sector and in managing corporate transformations. We are very much looking forward to working with him," says Thierry Beaudemoulin, CEO of Adler Group.

Subject to approval by the Group's Annual General Meeting (AGM) on 21 June 2023, Thomas Echelmeyer will become Director and member of the Board of Directors in addition to his current role as CFO. The Annual General Meeting will also vote on the appointment of
both Dr. Heiner Arnoldi and Stefan Brendgen as members of the Board of Directors.
Prof. Dr. A. Stefan Kirsten, Thilo Schmid and Thomas Zinnöcker will remain members of the Board of Directors. The Group's Board of Directors will thus consist of seven individuals, five of them independent, with extensive expertise in corporate governance, real estate, finance, restructuring and capital markets, if approved by the Annual General Meeting.

The addition of the CRO position to the Senior Management is part of the restructuring plan that the Adler Group is now implementing following an agreement with the majority of bondholders. As part of its strategic repositioning, Adler Group will evolve into a Berlin-focused residential real estate company with limited project development activities over the next two years.

Thierry Beaudemoulin has almost 30 years of experience in the real estate business. Prior to joining Adler Group, he served as CEO of Covivo Germany and ADO, one of the companies from which Adler Group was formed. In addition to Germany, he has worked in France, the Netherlands, Belgium and Spain.

Hubertus Kobe has worked in the real estate sector for several decades. His previous positions include roles at among others ECE Projektentwicklung, Signa Real Estate Capital Partners and DTZ Zadelhoff Tie Leung / Donaldsons Germany, where he held the position of Partner and CEO Germany. In his career, he has successfully managed the transformation and realignment of companies and organised dialogue with various stakeholders.

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