DGAP-News: Chairman of the supervisory board of Deutsche Wohnen AG resigns
(firmenpresse) - DGAP-News: Deutsche Wohnen AG / Key word(s): Change of Personnel
Chairman of the supervisory board of Deutsche Wohnen AG resigns
31.05.2011 / 10:41
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Frankfurt/Main and Berlin, 31 May 2011. In the course of today's Annual
General Meeting of Deutsche Wohnen AG in Frankfurt/Main Mr Hermann T.
Dambach announced that he is to resign from his post on the Supervisory
Board. Hermann Dambach has been the chairman of the Supervisory Board of
the MDAX-listed residential property company since 2007.
Hermann T. Dambach is the Chief Executive Officer of the
Frankfurt/Main-based Oaktree GmbH. The US investment company Oaktree had
held a stake via its OCM fund in GEHAG and subsequently Deutsche Wohnen. By
selling all of its shares on the stock market on 31 January 2011 Oaktree
ceased to be an investor in Deutsche Wohnen AG.
Hermann T. Dambach stated, 'Today I have informed the Annual General
Meeting of my decision to resign from my Supervisory Board post with
Deutsche Wohnen AG. I am leaving the Supervisory Board with complete
certainty that the company is very much on the right path. Deutsche Wohnen
has a clear and efficient structure and is in excellent shape. As the
recently announced acquisitions confirm, the company is growing steadily
and sustainably. In the meantime this extremely well-positioned company is
one of the market leaders in its sector - something that certainly sets
standards. The management enjoys the complete confidence of the Supervisory
Board and - as can be seen by the development of the share price over
recent months - of the shareholders too.'
In accordance with the statutes of the company Mr Dambach will remain
chairman of the Supervisory Board until 30 June 2011. By this time the
Supervisory Board will decide on a successor. In addition, a new member
will be appointed to the Supervisory Board.
Michael Zahn, Chief Executive Officer of Deutsche Wohnen AG, said, 'On
behalf of the board of directors and of all our staff I would like to thank
Hermann Dambach personally for his sustained commitment to Deutsche Wohnen
AG. His era as chairman of the Supervisory Board has been a time of very
decisive strategic choices. Throughout this period Mr Dambach has always
actively supported us with his advice, good will and vision.'
Deutsche Wohnen
Deutsche Wohnen is the second-largest publicly listed residential property
company in Germany. Its operational focus is the management and development
of its residential holdings. The portfolio comprises a total of 47,536
units, of which 47,095 are residential and 441 commercial. The company is
listed in the MDAX of the German Stock Exchange with 81.84 mi. shares and
is also listed in the key indices EPRA/NAREIT and GPR 250.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
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31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Deutsche Wohnen AGPfaffenwiese 300
65929 Frankfurt
Deutschland
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-507
E-mail: ir(at)deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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126864 31.05.2011
Datum: 31.05.2011 - 10:41 Uhr
Sprache: Deutsch
News-ID 34272
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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