Ad-hoc | 10 November 2008 13:51
PATRIZIA Immobilien AG / Change of Personnel
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc disclosure in line with Article 15 of the WpHG –
Alfred Hoschek resigns from the PATRIZIA Immobilien AG Management Board
Augsburg (Germany) – November 10, 2008. The PATRIZIA Immobilien AG
Supervisory Board today approved Alfred Hoschek’s request to terminate
ahead of time his Management Board contract as of November 30, 2008. At his
own request, Alfred Hoschek is stepping down after 15 years of being with
the Company, six of which have been on the Management Board, in order to
dedicate more time to his private plans for the future and to his
activities for non-profit foundations. A settlement has not been concluded.
Alfred Hoschek will remain with the Company in a consultant capacity and as
a shareholder.
Alfred Hoschek held the function of CIO (Chief Investment Officer) on the
PATRIZIA Immobilien AG Management Board. This position on the Managing
Board will not be refilled. The responsibilities allocated to Alfred
Hoschek will be integrated into the areas of responsibility of the Chief
Financial Officer and the Chief Operating Officer. In the future, Arwed
Fischer (CFO) will be responsible for the areas of finance, financing and
investor relations. The responsibilities of Klaus Schmitt (COO) will
consist of investment, legal affairs and the operational segments. With
Wolfgang Egger (CEO), responsible for strategy, communication, marketing
and HR, the PATRIZIA Immobilien AG Management Board will consist of three
members following the reorganization.
In his 15 years with PATRIZIA, Alfred Hoschek played a decisive role in
shaping the Company and its development. The Management Board and the
Supervisory Board wish to thank Alfred Hoschek for his long standing and
positive collaboration and wish him the very best in all his future
endeavors.
About the Company:
PATRIZIA Immobilien AG is an integrated real estate group with more than 20
years’ experience in the German real estate market. Its business activities
include the purchase, value optimization and placement of residential and
commercial real estate. The corporate activity of PATRIZIA Immobilien AG
focuses on residential real estate. PATRIZIA Immobilien AG is listed in the
Deutsche Börse Prime Standard and is a member of the SDAX.
Management Board
Augsburg (Germany) – November 10, 2008
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
D – 86150 Augsburg
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact:
Investor Relations
Claudia Kellert
Tel.: +49 (0) 821 5 09 10-360
Fax: +49 (0) 821 5 09 10-399
investor.relations@patrizia.ag
Press
Andreas Menke
Tel.: +49 (0)821 5 09 10-655
Fax: +49 (0) 821 5 09 10-695
presse@patrizia.ag
10.11.2008 Financial News transmitted by DGAP
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Language: English
Issuer: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Deutschland
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: investor.relations@patrizia.ag
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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