Changes in the Management Board

The Supervisory Board of S IMMO AG and the Management Board member Herwig Teufelsdorfer today mutually agreed to terminate Mr Teufelsdorfer's Management Board contract with effect from 02 February 2024 (end of day). At the same time, the Supervisory Board decided to appoint Mr Tomáš Salajka, who is also a member of the Board of Directors of CPI Property Group S.A., to the Management Board of S IMMO AG.

Martin Matula, Chairman of the Supervisory Board: "I would like to thank Herwig Teufelsdorfer for his outstanding work in recent years – first and foremost I would like to mention the strategic portfolio reorganisation. The quality of the property portfolio is clearly reflected in the company's key operating figures. In addition, he has successfully driven forward extensive projects in the areas of ESG and digitalisation that are essential for the company’s future. With the appointment of Mr Salajka, we are now creating the ideal conditions for further value creation within the group."

Herwig Teufelsdorfer: "It has been a great pleasure to accompany S IMMO over the past three years and to make my contribution to the company's progress even in very turbulent times. My special thanks go to the entire S IMMO team and all our business partners."