Corporate | 30 June 2008 14:17
HCI Capital AG / Change of Personnel
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Dr Rolando Gennari to leave HCI by mutual consent
Hamburg, 30 June 2008 – Dr Rolando Gennari, member of the Management Board
and Chief Financial Officer of HCI Capital AG, will leave the company with
effect from 30 June 2008. Dr Gennari and the Supervisory Board of HCI
Capital AG today agreed to terminate Dr Gennari's employment contract as a
member of the Management Board, by way of mutual consent. The Supervisory
Board expressed its thanks, and acknowledged Dr Gennari's commitment to the
company. Discussions with potential candidates are already in progress, to
ensure a successor to Dr Gennari can be found without undue delay.
48-year old Dr Gennari joined HCI Holding GmbH as a Managing Director in
December 2004. In 2005 he was appointed to the Management Board of HCI
Capital AG. In his capacity as Chief Financial Officer, he was responsible
for executing the flotation of HCI Capital AG; in particular, his areas of
responsibility included Accounting and Finance, Planning and Controlling,
Risk Management, and Investor Relations. The subsequent change in the
shareholder structure and increase in MPC Capital’s stake in HCI Capital
have altered key parameters. Dr Gennari is renouncing his duties with the
company by amicable consent..
The Supervisory Board would like to thank Dr Gennari for his commitment.
His departure was met with regret. 'Dr Gennari played a key role in the
flotation of HCI Capital AG, having consistently geared the Company's
financial and accounting processes to meet the requirements under
international accounting standards. His singular focus set the course for
HCI's clearly-defined and transparent position on the capital market. The
Supervisory Board of HCI Capital AG would like to thank Dr Gennari for the
constructive and trusting cooperation experienced under his tenure', stated
Dr John Benjamin Schroeder, Chairman of the Supervisory Board of HCI
Capital AG. He added: 'We would like to identify a successor to Dr Gennari
as quickly as possible; detailed negotiations are already under way.' Dr
Ralf Friedrichs, Chairman of the Management Board, will also assume the
duties of Chief Financial Officer during the interim period until a
successor has been appointed. Being a tax advisor, and having gathered many
years of experience in various auditing and tax advisory firms, Dr
Friedrichs is a seasoned expert who holds the skills required to deal with
HCI Capital AG's finances.
About HCI:
Established in 1985, the HCI Group creates closed-end funds and structured
investments in shipping, real estate, private equity fund of funds, and in
the secondary life insurance market, as well as asset creation plans. Since
1985, more than 107,000 clients have invested EUR 5.34 billion in 471
issues, with an investment volume totalling more than EUR 13.53 billion
(figures as at 31 Mar 2008), making HCI one of the leading financial
services system houses in Germany. HCI Capital AG has been listed on the
stock exchange since October 2005. The HCI share has been included in the
SDAX index of the Frankfurt Stock Exchange since 19 December 2005, and in
the Hamburg Regional Index (HASPAX) since 1 September 2006.
Press contact:
Ingo Pfeil
HCI Capital AG
Head of Public Relations
Phone: +49 40 88881-236
ingo.pfeil@hci-capital.de
Investor Relations contact:
Dr Olaf Streuer
HCI Capital AG
Head of Investor Relations
Phone: +49 40 88881-125
olaf.streuer@hci-capital.de
30.06.2008 Financial News transmitted by DGAP
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Language: English
Issuer: HCI Capital AG
Bleichenbrücke 10
20354 Hamburg
Deutschland
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: hci@hci.de
Internet: www.hci.de
ISIN: DE000A0D9Y97
WKN: A0D9Y9
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Hannover, Stuttgart, München,
Düsseldorf
End of News DGAP News-Service
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