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Vivacon AG

euro adhoc: Vivacon AG
Board of Directors (Appointments and Changes)
Vivacon CEO Marc Leffin intends to move to the supervisory board. Michael Jung to be appointed to CEO; Oliver Priggemeyer to join the executive board

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
26.03.2007
Cologne, 26 March 2007. The executive board and supervisory board 
will propose the annual general meeting on 22 May the appointment of 
Mr. Leffin (38) to the supervisory board after ten years as CEO of 
VIVACON AG (ISIN 000604 8911).It is planned that Marc Leffin become 
the new chairman of the supervisory board in order to allow him to 
concentrate on the further strategic development of the Vivacon 
group. Mr. Leffin will be available for this new role on a long-term 
basis and intends to retain his current sharehing.
Michael Jung (40) will be appointed to CEO, having been the company's
CFO since 2004. Mr. Jung has been instrumental in the development of 
the institutional investor business and will retain his 
responsibility for the finance department.
In addition, the supervisory board has appointed Oliver Priggemeyer 
(38) to the executive board of Vivacon AG as COO with effect from 1st
July, 2007. His primary duty will be the further development of the 
personnel and organisational structure in light of the continuing 
strong growth of the group. Oliver Priggemeyer was until recently CEO
of EPM Assetis GmbH, a joint venture between WestLB and Bilfinger 
Berger with approximately 470 employees and more than EUR 10bn of 
assets under management. Mr. Priggemeyer's responsibilities there 
included the asset and portfolio management business.
Further explanation:
Marc Leffin (38), co-founder and major shareholder of VIVACON AG, 
intends to allow for the continuing strong growth and will soley 
concentrate on the strategic positioning and expansion of new 
business areas of VIVACON AG in the future. Already in the business 
year 2006, Mr Leffin dealt preferentially with the further 
development of the Company. The now intended change from CEO of the 
executive board to chairman of the supervisory board allows for the 
development of the expanded scope of duties.
"I do see a lot of growth potential for VIVACON AG und will set all 
courses to press ahead Company growth". The executive board of 
VIVACON AG intends to advance on two areas in parallel: strategically
and structurally. "We intend to expand our top management team and to
bundle and enhance its capacities to promote the Company in the 
long-term."
"Following 10 years of groundwork and management functions as CEO of 
VIVACON AG, I decided to change from the executive board to the 
supervisory board. I will take over the responsibilty of the Company 
and subject to the appointement as chairman of the supervisory board.
Even though, I was responsible for strategy of VIVACON AG as 
executive member, I was strongly involved in the operational 
day-to-day business. In contrast to virtually all other supervisory 
board members, I intend to execute the mandate as chairman of the 
supervisory board full-time, i.e. not part-time. In this respect, I 
see my future duty as chairman of the supervisory board in the coming
years similar as in the USA and UK like a member of a "board" as 
"non-executive member". These chairmans are stronger involved in 
company events than an usual chairman of the supervisory board in 
Germany. These changes reflects the request of the other supervisory 
board members, which were demanded in a high degree by an undue 
number of single decisions in 2006.
end of announcement                               euro adhoc 26.03.2007 07:58:12

Further inquiry note:

Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de

Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631
Lars.Schriewer@vivacon.de

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950
http://www.vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime All Share, Classic All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / official dealing

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Plus de actualités: Vivacon AG