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Vonovia SE: Following successful takeover of BUWOG, Vonovia appoints Daniel Riedl to the Management Board (news with additional features)

DGAP-News: Vonovia SE / Key word(s): Change of Personnel

02.05.2018 / 15:01
The issuer is solely responsible for the content of this announcement.

Following successful takeover of BUWOG, Vonovia appoints Daniel Riedl to the Management Board

Bochum, May 2, 2018 - At its meeting today, the Supervisory Board of Vonovia SE appointed Daniel Riedl to the Management Board. Daniel Riedl will be responsible for development and Austria with effect from May 10, 2018.

Prof. Edgar Ernst, Chairman of the Supervisory Board of Vonovia SE: "Daniel Riedl has made a significant contribution to driving the extremely successful development of the BUWOG Group. We are delighted that Daniel Riedl will be joining Vonovia's Management Board following the takeover of BUWOG, allowing him to contribute his expertise to the development business and our work in the Austrian market. I wish Daniel Riedl all the best and every success in his new role."

Daniel Riedl is a graduate in business administration and a Fellow of the Royal Institution of Chartered Surveyors. He headed BUWOG in its previous form between 2004 and 2011, and served on the Executive Board of IMMOFINANZ AG from 2008 to 2014. He chaired the Supervisory Board of BUWOG from the beginning of 2012 until October 2013. In November 2013, Riedl was appointed CEO of the BUWOG Group and led BUWOG through the spin-off from IMMOFINANZ AG to the successful stock exchange listing.


About Vonovia

Vonovia SE is Germany's leading nationwide residential real estate company. Vonovia currently owns and manages around 347,000 residential units in all of Germany's attractive cities and regions. Its portfolio is worth approximately EUR 33.4 billion. As a modern service company, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company will also be 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 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of approximately 8,400 employees.

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: Philippstrasse 3, 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.

Additional features:

Document title: Following successful takeover of BUWOG, Vonovia appoints Daniel Riedl to the Management Board

02.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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