DGAP-Adhoc: Peach Property Group AG strengthens organisational structure and executive management
09.07.2013 – 07:08
Peach Property Group AG / Key word(s): Change of Personnel 09.07.2013 07:03 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Press release Peach Property Group AG strengthens organisational structure and executive management Zurich, 9 July 2013 - Peach Property Group AG, a leading property investor and developer of high-quality residential real estate in the German-speaking region of Europe, today announced an enhancement of its operations organisational structure. In May 2013, Renzo Fagetti, a recognised industry expert, joined the company's executive management as Managing Director Switzerland. Together with Bernd Hasse in his capacity as Managing Director Germany, he will ensure that acquisition, project development and project implementation in the two core markets of Switzerland and Germany will be managed by two recognised experts who possess excellent market knowledge and a broad network of contacts. They will receive support from the shared services provided by Peach Property Group's headquarters: sales, investment management as well as finance, human resources and investor relations. In connection with this optimisation of the company's organisational structure, Dr. Andreas Steinbauer joins Peach Property Group's executive management as Head of Sales and Marketing. He has managed the sales operations of Peach Property Group in the past four years and now will also be responsible for product marketing. In the future, the executive management will comprise Dr. Thomas Wolfensberger (CEO), Dr. Marcel Kucher (CFO), Mirco Riondato (CIO), Bernd Hasse (Managing Director Germany), Bruno Birrer (COO), Renzo Fagetti (MD Switzerland), Bernd Hasse (MD Germany) and Dr. Andreas Steinbauer (Head of Sales and Marketing). There will no longer be an extended executive management. Thomas Wolfensberger, CEO of Peach Property Group AG, states: 'I am pleased to announce this optimisation of our organisation. With this move, we combine local market expertise and customer proximity with the efficiency and knowledge transfer enabled by the provision of shared services. This puts us in an ideal position to support the future growth of our company.' The new organisational structure will apply from 15 July 2013. Photo Dr. Andreas Steinbauer: http://www.peachproperty.com/wp-content/uploads/2013/07/Andreas -Steinbauer.jpg Contacts Media, investors and analysts Dr. Thomas Wolfensberger, Chief Executive Officer Bruno Birrer, Chief Operating Officer +41 (0) 44 485 50 00 | investors@peachproperty.com Media Germany: edicto GmbH, Axel Mühlhaus +49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de About Peach Property Group Peach Property Group AG one of the leading developers in the field of top-quality residential property in the German-speaking region of Europe. Its activities cover the entire prime property development value chain, from site evaluation to project planning, implementation and marketing. Peach Property Group focuses on city and holiday residences in exceptional locations and featuring highest-quality fittings for a discerning clientele. The company's integrated corporate strategy encompasses not only the development of exclusive residential properties, but also the management of investment properties for the purpose of generating consistent annual revenues. Peach Property Group AG is headquartered in Zurich and also has a branch office in Cologne. The company's shares are listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366). Visit www.peachproperty.com for more information. +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=BLROFXCXME Document title: Organisational structure as PDF 09.07.2013 News transmitted by EQS Group AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Peach Property Group AG Seestrasse 346 8038 Zürich Switzerland Phone: +41 44 485 50 00 Fax: +41 44 485 50 11 E-mail: investors@peachproperty.com Internet: www.peachproperty.com ISIN: CH0118530366 Valor: A1C8PJ Listed: Freiverkehr in Berlin, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------