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Vonovia SE: Contract renewal - Rolf Buch to continue as CEO of Vonovia

Vonovia SE / Key word(s): Personnel
Vonovia SE: Contract renewal - Rolf Buch to continue as CEO of Vonovia

01.03.2022 / 11:31
The issuer is solely responsible for the content of this announcement.

Contract renewal
Management Team well prepared for the future - Rolf Buch to continue as CEO of Vonovia

Bochum, 01 March 2022. Vonovia SE is renewing the contract of its CEO Rolf Buch for another five years, thus signaling that it wishes to continue its strategy of sustainability. It means that the experienced management team of this Bochum-based company is well prepared for the future. The CEO's contract renewal was announced after today's meeting of the Supervisory Board. The contract was due to run out in February 2023 and has now been extended until February 2028.

"Under the leadership of Rolf Buch, Vonovia has become Europe's leading housing company. Using his customer focus, innovative strength and feeling for the market, he has been highly committed while helping Vonovia in its ongoing development. Rolf Buch understood at an early stage that today's main challenges are climate protection, demographics and urbanisation, and he has been working single-mindedly towards solutions in those areas. Housing has become a social issue. Under the leadership of Rolf Buch, Vonovia has been taking on an increasing amount of social responsibility," says Jürgen Fitschen, Chair of the Supervisory Board of Vonovia SE. "So I'm very pleased," Fitschen added, "that he will continue to control Vonovia's destiny in the future."

"Together with my colleagues on the Executive Board and the entire team at Vonovia, we've achieved a lot in recent years, particularly for our tenants. But there are still major challenges ahead of us. I'd like to thank the Supervisory Board for the trust it has placed in me as we continue to shape this path together in the future. So I'm pleased that I can continue to work with all our stakeholders in this spirit of trust," says Rolf Buch.

Rolf Buch joined today's Vonovia SE in 2013. He listed the company on the stock exchange and eventually also on the DAX 40 index. Under his leadership, the company was restructured, which included its customer focus, the development of its service business, a sustainability strategy and its position as an international player.

Before joining Vonovia, Rolf Buch was a member of the Executive Board of Bertelsmann SE and Chairman of the Executive Board of Arvato AG. He had started his career at Bertelsmann in 1991 after graduating in mechanical engineering and business administration at RWTH Aachen University.

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 568,000 residential units (Deutsche Wohnen included) in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 71,500 apartments. Its portfolio is worth approximately € 95.4 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 (today DAX 40) and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 16,000 employees (Deutsche Wohnen included).

Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
Common code: 094567408
Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879
Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.

01.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Phone: +49 234 314 1609
Fax: +49 234 314 2995
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1291195

End of News DGAP News Service

1291195  01.03.2022 

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