DGAP-News: GAGFAH S.A.: Thomas Zinnöcker to become new CEO of GAGFAH GROUP
(firmenpresse) - DGAP-News: GAGFAH S.A. / Key word(s): Change of Personnel
GAGFAH S.A.: Thomas Zinnöcker to become new CEO of GAGFAH GROUP
22.03.2013 / 06:25
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Press Release: March 22, 2013
GAGFAH S.A.
2-4, rue Beck
L-1222 Luxembourg
R.C.S. Luxembourg B 109.526
ISIN: LU0269583422
Frankfurt Stock Exchange (Ticker Symbol: GFJ)
Regulated Market (Prime Standard)
GAGFAH S.A. - Thomas Zinnöcker to become new CEO of GAGFAH GROUP
- Current CEO Stephen Charlton will step back after bringing the Company
back on track and solving some key challenges
- New CEO Thomas Zinnöcker with proven track record should help to
develop the Company to the next level
Over the last twelve months, GAGFAH GROUP has restored the relations with
the City of Dresden, refinanced the WOBA portfolio and is making
substantial progress on refinancing the GRF loan. Under the leadership of
Stephen Charlton, member of the Board of Directors of GAGFAH S.A. and
CEO-in-office of the GAGFAH GROUP, the GAGFAH GROUP has solved some key
challenges and is now prepared to enter into the next phase. Thomas
Zinnöcker is a domestic CEO with a proven track record in German real
estate and will increase the Company's focus on its core business, which is
the acquisition, management and sale of residential real estate in Germany.
Jonathan Ashley, Chairman of GAGFAH S.A.: 'Stephen Charlton has done a
great job during his tenure. I am grateful for everything he has done for
the Company. For the next phase of GAGFAH's development, however, the next
logical step was to hire a CEO who is best in class in the German
residential market. We are delighted we were able to attract an expert of
the caliber of Thomas Zinnöcker. He is one of the most successful and
respected leaders in the sector. We believe that his skills, experience and
reputation make him the right person to drive the future growth of GAGFAH.'
Thomas Zinnöcker: 'Over the last years, GAGFAH GROUP has experienced some
turbulence. But now the key issues are solved, and I see some headroom to
create a sustainable business model. I am looking forward to join the
experienced GAGFAH team to transform this Company into a well-respected and
dedicated listed residential player in Germany.'
Contact
GAGFAH S.A.
Investor Relations
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 21
Mail: rhoffmann(at)gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526
About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the
Grand Duchy of Luxembourg qualifying as a securitization company under the
Luxembourg Securitization Law of March 22, 2004. The core business of
GAGFAH S.A.'s operating subsidiaries is the ownership and management of a
geographically diversified and well maintained residential property
portfolio located throughout Germany. With a portfolio of more than 145,000
apartments, GAGFAH S.A. is the largest residential property company listed
in Germany.
End of Corporate News
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22.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: GAGFAH S.A.
2-4, rue Beck
1222 Luxemburg
Grand Duchy of Luxembourg
Phone: + 352 266 366 1
Fax: + 352 266 366 01
E-mail: info(at)gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, LU0269583422
WKN: A0LBDT
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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204854 22.03.2013
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Datum: 22.03.2013 - 06:25 Uhr
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News-ID 242155
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