Peach Property Group AG

DGAP-Adhoc: Peach Property Group AG : new chairperson and new member proposed for the Board of Directors

Peach Property Group AG   / Key word(s): Change of Personnel

04.04.2014 18:17

Release of an ad hoc announcement pursuant to Art. 53 KR

Press release

Peach Property Group AG: new chairperson and new member proposed for the
Board of Directors

Zurich, 4 April 2014 - Peach Property Group AG plans to strengthen its
Board of Directors and is proposing to the General Meeting on 9 May 2014 to
elect Martin Eberhard (born 1958) as a new and thus the sixth member of the
Board. In addition, all current members of the Board of Directors will
stand for re-election at the General Meeting.

At the same time, Dr Christian Wenger will step down as Chairman of the
Board of Directors, but will continue as a regular member of the Board. Dr
Corinne Billeter-Wohlfahrt is expected to be elected in his place.

Martin Eberhard is the owner of RIMESA Unternehmensberatungs AG. From 2000
to 2009, he was CEO and a founding partner of NZB Neue Zürcher Bank. He had
previously worked for the Julius Bär banking group in Zurich for 16 years,
becoming its director in 1992 with responsibility for sales, research and
trading in Switzerland and being appointed a member of the executive
management in 1996 with responsibility for brokerage and capital market
operations in Switzerland. Prior to this, Eberhard had worked as an
investment banker at the Swiss Bank Corporation in Zurich, New York and
Geneva for six years. He has a degree in economics from Kaderschule Zurich
and also attended the Swiss Banking School and an advanced executive
programme at Kellogg University in Chicago. Martin Eberhard is a member of
the board of directors of several financial and industrial companies. He is
a Swiss citizen.

Dr Corinne Billeter-Wohlfahrt (born 1966) has been self-employed in the
private equity domain for some ten years. Among other things, she holds and
manages equity investments in the areas of property (Switzerland, Germany
and Singapore), biotechnology, water rights and production in photographic
laboratories. She has in-depth knowledge of the German market and advised
Peach Property Group as an M&A specialist in major transactions such as the
acquisition of Vivacon AG's development activities in 2009.

Prior to this, she had pursued an international career in publishing for
many years, which included managerial posts at Julius Springer Verlag in
Germany and the Bertelsmann Group in the United States. In addition, she
gained experience early on in the German market with her preceding
involvement in the privatisation team of Treuhandanstalt Berlin as well as
at its subsidiary TOB. Corinne Billeter-Wohlfahrt holds a law degree from
the University of St. Gallen, where she also obtained a PhD. She is a Swiss

Dr Christian Wenger commented: "After more than four exciting years as
Chairman of the Board of Directors, I would now like to hand over this
office and am looking forward to continuing to assist Peach Property Group
as an active member of the Board of Directors. It is an honour that we have
been able to acquire Dr Corinne Billeter-Wohlfahrt, a manager and
successful investor with an international track record, as the new chair of
the Board of Directors. I am equally pleased that the Board will be
strengthened by Martin Eberhard, a person with extensive capital market
experience. The Board of Directors is convinced that with this composition
it is extremely well prepared for the future."

Media, investors and analysts
Dr Thomas Wolfensberger, Chief Executive Officer and
Dr Marcel Kucher, Chief Financial Officer
+41 (0) 44 485 50 00 |

Media Germany:
edicto GmbH, Axel Mühlhaus
+49 (0) 69 90 55 05 52 |

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 for more information.

Additional features:
Document title: Press release

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Language:               English
Company:                Peach Property Group AG
                        Seestrasse 346
                        8038 Zürich
Phone:                  +41 44 485 50 00
Fax:                    +41 44 485 50 11
ISIN:                   CH0118530366
Valor:                  A1C8PJ
Listed:                 Freiverkehr in Berlin, Stuttgart; Frankfurt in Open
                        Market ; SIX

End of Announcement                             EQS Group News-Service



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