CFO Manuel Itten to leave Mobimo in summer 2020
Lucerne/Küsnacht, 30 January 2020 - Manuel Itten, who has been CFO of Mobimo since 2008, is to leave the company at the end of July 2020. After more than 15 years with Mobimo, he has decided to pursue a new entrepreneurial challenge. Mr Itten joined the company in 2004 as Head of Controlling, before being appointed CFO four years later.
During his term of office, Mobimo has developed into one of the country's leading real estate companies and a key player in the Swiss capital market, successfully acquiring and integrating LO Holding Lausanne-Ouchy SA, Dual Real Estate Investment SA and Immobiliengesellschaft Fadmatt AG. The company has also carried out several capital increases, expanded its shareholder base and established a solid track record in the bond market.
Mobimo's Board of Directors and Executive Board regret Manuel Itten's departure and would like to take this early opportunity to thank him for his huge contribution and the role he has played in the company's success. Mr Itten will remain as CFO until the summer. The search for his successor will begin immediately.
If you have any questions, please contact:
Mobimo Holding AG
Daniel Ducrey, CEO
+41 44 397 11 86
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Exchange since 2005. With a real estate portfolio with a total value of more than CHF 3.2 billion, the Group is one of the leading real estate companies in Switzerland. The portfolio comprises investment and development properties in first-class locations in German-speaking Switzerland and French-speaking Switzerland. Mobimo generates stable rental income with its residential and commercial properties, while its development expertise and full pipeline allows it to create value enhancement potential in its own portfolio and for third parties. The investment volume of development properties for its own portfolio totals around CHF 0.7 billion. Mobimo has a stable business model, pursues a sustainable strategy and provides its shareholders with an attractive return.