06.03.2017
Vonovia SE DE000A1ML7J1
DGAP-News: Vonovia SE: Vonovia Supervisory Board Extends Rolf Buch's Contract by a Further Five
DGAP-News: Vonovia SE / Key word(s): Change of Personnel
Vonovia SE: Vonovia Supervisory Board Extends Rolf Buch's Contract by a
Further Five (news with additional features)
06.03.2017 / 18:13
The issuer is solely responsible for the content of this announcement.
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Vonovia Supervisory Board Extends Rolf Buch's Contract by a Further Five
Years
- "Rolf Buch symbolizes Vonovia's dynamic development," said Chairman of
the Supervisory Board Dr. Wulf H. Bernotat
- Successful track record since IPO in 2013
Bochum, March 6, 2017 - Rolf Buch will remain CEO of Vonovia SE for another
five years. The Supervisory Board of Vonovia SE announced its decision to
extend the CEO's contract after its meeting today. The contract, which was
set to expire in February 2018, has been extended until February 2023.
"We are extremely satisfied with Vonovia's development. Rolf Buch has used
his passionate entrepreneurial spirit to turn Vonovia into Germany's
leading real estate company since its IPO. In his role as CEO, he has laid
the right foundation for further dynamic growth and a successful future. We
want to continue on this path with him," said Dr. Wulf H. Bernotat,
Chairman of the Supervisory Board of Vonovia SE. "We are convinced that our
customers, investors and employees will all benefit equally from the
continuity that this decision provides."
Rolf Buch has been at Vonovia since April 2013. He stepped into the role of
CEO aiming to boost customer satisfaction and expand the company's service
business.
The decision to extend his contract confirms that this is the right
approach. Rolf Buch has played a key role in shaping the company's
development: He forged ahead successfully with the company's realignment
and in 2015 was responsible for making it the first real estate company
ever to achieve promotion to the DAX 30.
Before joining Vonovia (formerly known as Deutsche Annington), Buch was a
member of the Management Board at Bertelsmann SE and Chairman of the
Management Board at Arvato AG. He began his career at Bertelsmann in 1991
after studying mechanical engineering and business management at RWTH
Aachen University. Buch is married with two children.
About Vonovia
Vonovia SE is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 397,000 residential units in all
of Germany's attractive cities and regions. Its portfolio is worth
approximately EUR 24 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 on 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,
MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of
approximately 7,100 employees.
Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Düsseldorf, Germany; Düsseldorf
Local Court, HRB 68115
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 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 appropriate 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.
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=CGNRTUGAYJ
Document title: Vonovia Supervisory Board Extends Rolf Buch's Contract by a
Further Five Years_PI_170306
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06.03.2017 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
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Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Germany
Phone: +49 234 314 1609
Fax: +49 234 314 2995
E-mail: [email protected]
Internet: www.vonovia.de
ISIN: DE000A1ML7J1
WKN: A1ML7J
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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550851 06.03.2017
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