Adler Group S.A.: Thilo Schmid to serve as Chairman of Audit Committee
February 11, 2022 at 01:02 am
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DGAP-News: Adler Group S.A.
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Adler Group S.A.: Thilo Schmid to serve as Chairman of Audit Committee
11.02.2022 / 07:00
The issuer is solely responsible for the content of this announcement.
Adler Group S.A.: Thilo Schmid to serve as Chairman of Audit Committee
Berlin, 11 February 2022 - Following the recent resignation of Dr. Michael Bütter from his position as member of the board of directors of Adler Group S.A. ("Adler Group"), Mr. Thilo Schmid, has replaced Dr. Bütter as chairman of the audit committee with effect as of 10 February 2022.
Mr. Thilo Schmid is already a member of the audit committee of Adler Group. Additional members of this committee are Dr. Peter Maser and, newly appointed effective as of 10 February 2022, Dr. Thomas Zinnöcker, also a member of the Board of Directors of Adler Group S.A.
Simultaneous to accepting his new position as chairman of the audit committee, Mr. Schmid will replace Mr. Zinnöcker on the nomination and compensation committee of the Company.
Mr. Thilo Schmid has been a member of the Board of Directors of ADLER Group since September 2020. Being investment manager at Wecken & Cie. since 2008, Mr. Schmid is responsible for venture capital and real estate investments at the Swiss family office. In prior roles, he inter alia acted as a real estate project controller.
Mr. Thomas Zinnöcker has also been a member of the Board of Directors of ADLER Group since September 2020. He remains also as chairman of the investment and financing committee of ADLER Group. Mr. Zinnöcker has held various senior management positions in both listed and non-listed companies. He has been CEO of GSW Immobilien AG and Gagfah S.A., among others. Furthermore, Thomas Zinnöcker is Member of the Board of German Property Federation ZIA since 2013.
Contact
Investor Relations:
T +352 278 456 710
E investorrelations@adler-group.com
11.02.2022 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.
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Language:
English
Company:
Adler Group S.A.
1B Heienhaff
1736 Senningerberg
Luxemburg
Phone:
+352 278 456 710
Fax:
+352 203 015 00
E-mail:
investorrelations@adler-group.com
Internet:
www.adler-group.com
ISIN:
LU1250154413
WKN:
A14U78
Indices:
SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
Adler Group SA, formerly known as ADO Properties, is a Luxembourg-based real estate company. The Company operates in Germany, in the residential real estate field with approximately 70,000 residential units, and a development pipeline of approximately 10,000 new flats in Germany. The Company focuses on asset and portfolio management, property and facility management and developing residential properties throughout Germany. The Company operates through two business segments: Residential property management and development. Residential property management offers renting and managing residential properties, the management of tenancy agreements and marketing of residential units with the focus on optimization of rental income. The development side of the business splits into build-to-sell projects and build-to-hold projects.