Corio appoints Jaap Blokhuis to lead disposal programme

Corio appoints Jaap Blokhuis to lead disposal programme

ID: 237143

(Thomson Reuters ONE) -


Corio intended to announce the proposed appointment of a COO/CIO and member of
the Management Board of Corio NV today by means of the AGM agenda and circular.
Corio had finished the process of selecting a COO/CIO including approval of the
Netherlands Authority for the Financial Markets (AFM). Unfortunately, due to
unforeseen personal medical circumstances, the candidate had to withdraw at the
last moment. The company regrets this situation, but has full understanding and
respect for the decision taken.

To handle this unexpected situation, Corio has taken immediate action. Jaap
Blokhuis (1958), currently member of Corio's Supervisory Board, is prepared to
resign from the Supervisory Board to accept a position until a candidate for
COO/CIO can be proposed to the shareholders for appointment. He will be in
charge of the disposal programme of the Traditional Retail Centre portfolio of
? 1.4 billion, to be sold over the next 3 - 4 year, that was announced during
the Capital Markets Day in December 2012. Mr. Blokhuis will not be a member of
the Management Board. He will report to Mr. Gerard Groener (CEO) and start as of
1 April 2013. As soon as a COO/CIO has been appointed by the shareholders, it
will be proposed to reappoint Mr. Blokhuis as a member of the Supervisory Board
in the same General Shareholders Meeting.

Mr. Blokhuis started his career in real estate in 1983 at ING. After  multiple
management positions he became director Real Estate Asset Management/Fund
Management, a position he held from 1994 to 1999. From 1999 to 2011, Mr.
Blokhuis was CEO of Redevco, a privately held real estate asset management and
development company with a portfolio value of ? 7.5 billion at year-end 2011 and
he is currently an independent advisor.

Composition of Corio's Management Board
The composition of Corio's Management Board remains unchanged and consists of




Mr. Gerard Groener (CEO), Mr. Ben van der Klift (CFO) and Mr. Frederic Fontaine
(COO/CDO). Mr. Fontaine is responsible as COO for Corio's operations in Spain,
Italy and Turkey and as CDO for the overall development pipeline. France, The
Netherlands and Germany will be led by Mr. Groener until a COO/CIO has been
appointed.

AGM
Corio has published the agenda and circular for the Annual meeting of
Shareholders on its website (www.corio-eu.com/shareholders-meeting.html). The
meeting will be held in the Spoorwegmuseum in Utrecht on 18 April 2013 at 15.00.




Press release:
http://hugin.info/134201/R/1683721/551112.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Corio NV via Thomson Reuters ONE
[HUG#1683721]




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Bereitgestellt von Benutzer: hugin
Datum: 07.03.2013 - 13:46 Uhr
Sprache: Deutsch
News-ID 237143
Anzahl Zeichen: 3319

contact information:
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Utrecht



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