ADLER Real Estate AG: ADLER Real Estate AG to appoint new Board of Management

ADLER Real Estate AG / Key word(s): Change of Personnel
ADLER Real Estate AG: ADLER Real Estate AG to appoint new Board of Management

22-Dec-2017 / 17:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
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Publication of Insider Information pursuant to Article 17 of the Market Abuse Regulation

ADLER Real Estate AG: ADLER Real Estate AG to appoint new Board of Management
 

- Tomas de Vargas Machuca and Maximilian Rienecker to be appointed as Co-CEOs in  a dual leadership structure with immediate effect.

- Sven-Christian Frank to remain acting Chief Operating Officer (COO).


Berlin, 22nd December 2017 - The Supervisory Board of ADLER Real Estate AG, Berlin, has taken the decision to appoint Tomas de Vargas Machuca and Maximilian Rienecker to the Management Board as Co-CEOs with immediate effect.

Tomas de Vargas Machuca has been the Chairman of the Executive Committee overseeing the capital markets activities of the Group and acting as its Chief Financial Officer since 2013.
Maximilian Rienecker, who was appointed Head of Corporate Finance and Strategy in February 2017, will together with Tomas de Vargas Machuca assume the role as acting Co-CEO.

The Chief Operating Officer (COO), Sven-Christian Frank, who is member of the Management Board of ADLER Real Estate AG since 9 June 2016, will remain.

Arndt Krienen will be relieved of his duties as CEO and as a member of the Management Board until further notice.

For enquiries, please contact:

Dr Rolf-Dieter Grass
Head of Corporate Communication
ADLER Real Estate AG
Telephone: +49 (30) 2000 914 29
r.grass@adler-ag.com


22-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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