EQS-Ad-hoc News vom 02.12.2016
Change to the board of directors of Zug Estates Holding
| Beat Schwab will be proposed to the general meeting of shareholders of Zug Estates Holding as the new chairman of the board of directors. He will succeed Hannes Wüest, who is to step down from the board of directors for reasons of age. |
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On reaching the statutory age limit, Hannes Wüest will end his work on the board of directors of Zug Estates at the next general meeting of shareholders. Beat Schwab will be proposed to the general meeting of shareholders as the future chairman. Beat Schwab has been a member of the group's board of directors since 2014, and a member of the Strategy and Investment Committee since 2016.
Beat Schwab, 50, is a proven real estate expert – he was CEO of real estate service provider Wincasa from 2006–12, and has managed Credit Suisse's Real Estate Investment Management Switzerland unit since 2012, which he will continue to do until the spring of 2017. He graduated from the University of Bern with the title of Dr. rer. pol., after which he gained an MBA at Columbia University. |
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About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on centrally located sites suitable for a wide range of uses and with potential for sustainable development. A large part of the real estate portfolio is located at two sites in Zug and Risch Rotkreuz and is broadly diversified by type of use. The Group also runs a city resort in Zug incorporating the two leading business hotels Parkhotel Zug and City Garden, augmented by a range of restaurant outlets. As at June 30, 2016, the total portfolio value was CHF 1.2 million.
Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker symbol: ZUGN; securities number: 14 805 212).
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