ORCO Germany S.A. / Key word(s): Change of Personnel
19.03.2014 20:09
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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ORCO GERMANY S.A. - New CEO and Management Team
Prague, 19 March 2014. On 18 March 2014, the Orco Germany board of
directors decided to implement changes in the management structure by
terminating the executive contracts of Jean-François Ott, Nicolas
Tommasini, and Brad Taylor, and agreeing to comply with their termination
packages.
Mr. Ott and Mr. Tommasini will continue as members of the board of
directors.
The board has appointed Martin NÄmeÄek as CEO and Managing Director, Edward
Hughes as Chairman of the board, and TomáÃ
 Salajka as Deputy CEO and
Secretary of the board of directors.
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Information and Explaination of the Issuer to this News:
The board of directors thanks the entire executive team for their
diligence, professionalism and tenacity in building Orco Germany. In
particular, the board acknowledges and commends the invaluable role of
Jean-François Ott in founding, guiding and providing Orco Germany's
strategic vision. Mr. Ott and Mr. Tommasini's continued participation on
the board will ensure that the company benefits from their many years of
experience and insight.
Mr. Ott stated 'I founded Orco Germany and am extremely proud that it has
become the largest private commercial landlord in Berlin. Today the
company begins a new step along what I know will be a long and successful
path. Nicolas Tommasini and I wish the best of luck to the new management
and offer them our full support as we continue to work with the company at
the board level.'
For more information, visit us on www.orcogermany.de
About ORCO Germany
ORCO Germany S.A. is a property company that is listed in the General
Standard on the Regulated Market at Frankfurt Stock Exchange and has its
registered office in Luxembourg. The ORCO Germany Group, which acts
consistently under its registered name of ORCO Germany, has been operating
in Germany since 2004 and concentrates on commercial property and project
development.
ORCO Germany is a subsidiary of ORCO Property Group, which is one of the
leading Central European property companies. The ORCO Property Group,
established in 1991, is based in Luxembourg and has listings on NYSE
Euronext Paris, Prague and Warsaw stock exchanges.
For further information please contact:
Press-Contact:
Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 18
F +49 40 60 91 86 60
E sebastian.bucher@kirchhoff.de
19.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ORCO Germany S.A.
40, rue de la Vallée
L-2661 Luxembourg
Grand Duchy of Luxembourg
Phone: +49 (0)30 390 93 116
Fax: +49 (0)30 390 93 199
E-mail: patricia.jaenisch@orco-gsg.de
Internet: www.orcogermany.de
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: ORCO GERMANY S.A. - New CEO and Management Team
| Source: EQS Group AG