DGAP-News: Vonovia SE / Key word(s): Change of Personnel/Real Estate
23.01.2018 / 15:00
The issuer is solely responsible for the content of this announcement.
Bochum, January 23, 2018 - The Supervisory Board of Vonovia SE has appointed Helene von Roeder (47) to the real estate company's Management Board. Helene von Roeder will take over the duties of Gerald Klinck in the middle of this year. Gerald Klinck (48) decided in August 2017 not to seek an extension of his contract and to leave the Management Board upon expiration of his current contract.
"I am very happy that Helene von Roeder is joining the Management Board. I have come to know her as very strategically minded individual. Her career up until now provides the perfect foundation for her work at Vonovia. I would also like to thank Gerald Klinck on behalf of the entire Supervisory Board for his excellent work and wish him all the best in both his personal and professional endeavors," says Prof. Dr. Edgar Ernst, Chairman of the Supervisory Board of Vonovia SE.
Rolf Buch, CEO of Vonovia: "In Helene von Roeder we are gaining a peer whose professionalism will decisively shape Vonovia's further development. I am looking forward to working with her in this new Management Board team. On behalf of all my colleagues on the Management Board, I would like to thank Gerald Klinck for his steadfast cooperation over the previous years. Until Helene von Roeder joins us on the board, he will continue to perform his Management Board duties with the utmost professionalism and will ensure a smooth handover. I would like to take the opportunity now to wish him all the best for the future."
Helene von Roeder has been the CEO of Germany at Credit Suisse since 2014. After studying theoretical physics in Munich and theoretical astrophysics in Cambridge, she began her career at Deutsche Bank in London in 1995. She worked for UBS AG in Frankfurt and London from 2000 to 2004, before moving to Morgan Stanley Bank in Frankfurt where her most recent role was Head of Global Capital Markets for Germany and Austria, Member of the Management Board of Morgan Stanley Bank AG.
Rolf Buch, Klaus Freiberg, Dr. A. Stefan Kirsten and Helene von Roeder will make up the Management Board team of Vonovia SE in the future.
2018 Financial Calendar:
March 6, 2018 Publication of 2017 Annual Report
May 3, 2018 Publication of the key figures for the first three months of 2018
May 9, 2018 Annual General Meeting
August 2, 2018: Publication of the key figures for the first half of 2018
November 6, 2018: Publication of the key figures for the first three months of 2018
Vonovia SE is Germany's leading nationwide residential real estate company. Vonovia currently owns and manages around 350,000 residential units in all of Germany's attractive cities and regions. Its portfolio is worth approximately EUR 30.9 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.
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.
23.01.2018 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de