DGAP-News: IMMOFINANZ AG: Michael Wurzinger resigns from the IMMOFINANZ Executive Board
(firmenpresse) - IMMOFINANZ AG / Change of Personnel
31.08.2010 17:28
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IMMOFINANZ AG: Michael Wurzinger resigns from the IMMOFINANZ Executive
Board
Michael Wurzinger, member of the Executive Board of IMMOFINANZ AG, has
an-nounced his intention not to extend his contract and will resign as of
31 August 2010. He will be available to assist the company on a consultancy
basis until his mandate expires in 2011.
As a member of the IMMOFINANZ Executive Board, Mr. Wurzinger has been
responsible for asset and investment management as well as the development
of commercial real estate in Austria, Western Europe and the USA. The rapid
and consistent restructuring of this area of business under Mr. Wurzinger's
management permitted extensive sales of real estate and investments at the
height of the economic crisis in 2008 and 2009, which generated revenues of
approximately EUR 700 million and thereby made a decisive contribution to
the survival and successful financial restructuring of the IMMOFINANZ
Group.
'My activities on behalf of IMMOFINANZ gave me an opportunity to guide the
company during both the development phase and the restructuring phase. As
is demonstrated by the outstanding results recorded for the 2009/2010
financial year, the restructuring phase has been successfully completed and
the turnaround accomplished. I have known for quite a while that I would
not extend my contract, and this is the ideal time for me to seek new
challenges outside the IMMOFINANZ Group,' commented Mr. Wurzinger.
Michael Wurzinger, 39 years old, is a member of the Royal Institution of
Chartered Surveyors (RICS) and has worked for the IMMOFINANZ Group for 13
years. He was appointed to the Executive Board in July 2008. The
Supervisory Board and the remaining Executive Board members - Eduard
Zehetner (Chairman), Daniel Riedl and Manfred Wiltschnigg - have expressed
their thanks to Mr. Wurzinger for his long-standing service to IMMOFINANZ
and for his contribution to the Group's positive outlook for the future.
Contact:
Margit Hermentin
Head of Investor Relations&Corporate Communications
IMMOFINANZ AG
A-1120 Vienna, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
m.hermentin(at)immofinanz.com
www.immofinanz.com
Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay(at)accedogroup.com
31.08.2010 17:28 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 WienÖsterreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in München, Berlin, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien (Amtlicher Handel /
Official Market)
End of News DGAP News-Service
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Datum: 31.08.2010 - 17:28 Uhr
Sprache: Deutsch
News-ID 32125
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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