CPI PROPERTY GROUP

  • WKN: A0JL4D
  • ISIN: LU0251710041
  • Land: Großherzogtum Luxemburg

Nachricht vom 23.11.2010 | 12:59

ORCO Germany S.A.: New management appointed


ORCO Germany S.A.  / Key word(s): Change of Personnel

23.11.2010 12:59

The Board of Directors of Orco Germany S.A. held a meeting on 11th November 2011 in Paris and resolved to elect a new management of the Company. The Board of Directors appointed Mr. Jean-Francois Ott as CEO of Orco Germany S.A. It also appointed Mr. Nicolas Tommasini as Deputy CEO and Mr. Brad Taylor as Director of Corporate and Legal Affairs of Orco Germany S.A. The Board of Directors believes that the appointment of the new management improves the Company's efficiency and leadership. The change of the board is a consequence of Rainer Bormann, former CEO, not renewing his contract. Mr. Ott is the founding partner of Orco Property Group S.A. in 1991. Based in Paris, he is managing the Orco Property Group's strategy, new business development, group finance issues as well as banking and investors relations. Mr. Ott has 18 years of experience both in real estate development and business in Central Europe. He started Orco Property Group in 1991. Since then, Mr. Ott has developed Orco in Eastern and Central Europe, notably in Budapest, Warsaw and Moscow. Mr. Ott decided to enter Germany in 2004, first with the acquisition of a portfolio of buildings in Berlin-Prenzlauer Berg, then with the acquisition of GSG and few major development projects such as Wertheim on Leipziger Platz. In 15 years he realized the acquisition, development and financing of more than 100 projects. Mr. Tommasini, based in Paris, was involved in business development in Eastern and Central Europe prior to joining Orco Property Group. Mr. Tommasini has been working for Orco Property Group since 1997. He has held several senior roles since then. From 2004, Mr. Tommasini has been co-leading the creation and the development of Orco Germany, most particularly on the GSG acquisition, restructuring and development. In 2007, Mr. Tommasini was named responsible for strategy and special projects of the group, based in Paris. Since February 2009, Mr. Tommasini serves as Deputy CEO and Group CFO. Mr. Tommasini manages the investment and partnership transaction, overlooks ORCO Germany, Group Financial Reporting & Consolidations, Group Cash Management, leads local countries' CFOs, heads Group Legal and Group Business Planning and Investor Relations functions. Mr. Taylor, based in Paris, has been a licensed attorney in the United States for more than eleven years. He practiced law with international law firms such as Akin Gump Strauss Hauer & Feld in Houston and Greenberg Traurig in Dallas. He worked with the private equity firm Holland Park Capital in Austin before moving to Paris in 2007 to work with Orco Property Group as Deputy to the CEO, Jean-François Ott. He currently serves as Orco Property Group's Director of Corporate and Legal Affairs. About ORCO Germany ORCO Germany S.A. is a property company that is listed in the Prime Standard on the Regulated Market at Frankfurt Stock Exchange and has its registered office in Luxembourg. The ORCO Germany Group, which acts consistently under its registered name of ORCO Germany, has been operating in Germany since 2004 and concentrates on commercial property as well as on asset management and project development. ORCO Germany is a subsidiary of ORCO Property Group, which is one of the leading Central European property companies. The company established in 1991 is based in Luxembourg and has Euronext, Prague, Budapest and Warsaw Stock Exchange listings. For further information, please contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 E sebastian.bucher@kirchhoff.de http://www.kirchhoff.de 23.11.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: ORCO Germany S.A. 40, Parc d'Activités Capellen 8308 Capellen Luxemburg Phone: +49 (0)30-440 123 190 Fax: +49 (0)30-440 123 299 E-mail: seilers@orcogroup.com Internet: www.orcogermany.de ISIN: LU0251710041 WKN: A0JL4D Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Stuttgart End of Announcement DGAP News-Service

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