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

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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 citizen.

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."

Contacts
Media, investors and analysts
Dr Thomas Wolfensberger, Chief Executive Officer and Dr Marcel Kucher, Chief Financial 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.



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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=RUHEHAFFCP Document title: Press release


04.04.2014 News transmitted by EQS Schweiz AG. 
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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 EQS Group News-Service  

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