New formation of Supervisory Board and Executive Board of DEMIRE
Langen, 22. February 2017 – At its constituent meeting on February 17, 2017 the Supervisory Board of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has taken several decisions regarding the structure and work of the Supervisory Board and Executive Board.
Frank Hoelzle has been elected Vice Chairman of the Supervisory Board. Mr Hoelzle is CEO of Care4 AG, Basel, the management company of Wecken & Cie., which holds a 26.53 % strategic stake in DEMIRE and is the company’s largest single shareholder.
As reported on February 17, the Supervisory Board has also appointed Ralf Kind as CFO of the company. With effect from March 1, 2017, Ralf Kind will assume his duties at DEMIRE AG and extend the management board consisting of Prof. Andreas Steyer (CEO) and Markus Drews (COO).
Furthermore, on February 17, the Executive Board contract of Markus Drews, COO, was prolonged by a further three years until the end of 2020. The contract of Prof. Andreas Steyer, CEO, runs until March 31, 2019.
Prof. Andreas Steyer: “The new formation of the Supervisory Board and Executive Board provides DEMIRE an excellent management basis to enter the next phase of our corporate development. After having successfully completed the transformation of DEMIRE last year, this will now allow us to accelerate our growth strategy at full strength.”