Changes in the Management Board / Statements
The Supervisory Board and the Board Member Friedrich Wachernig have today mutually agreed that Mr. Wachernig's Management Board contract will be terminated as of end of 11 October 2022. At the same time, the Supervisory Board has decided to appoint Holger Schmidtmayr to the Management Board.
Mr. Schmidtmayr was Member of the Management Board of S IMMO AG from 2004 until 2012 and started to work for the company again in 2019, being in charge of risk management and compliance.
Karin Rest, Chairwoman of the Supervisory Board of S IMMO AG: " We thank Mr. Wachernig for his many years of service to S IMMO. The last two and a half years in particular have brought numerous challenges and S IMMO proved to be highly crisis resilient. This is not least due to the operational framework of the company, which Mr. Wachernig has decisively helped to shape in his long years as a board member. I am pleased with the appointment of Holger Schmidtmayr, whose work I greatly appreciate, and look forward to continuing the very constructive cooperation between the Supervisory Board and the Executive Board."
Martin Nemecek, Deputy Chairman of the Supervisory Board and CEO of CPI Property Group: "Together with his colleagues in the Management Board and the passionate and highly competent team, Mr. Wachernig was able to position S IMMO as a successful and strong performing real estate company. We thank him for his many years of service and for his contribution to the success of the company. With Holger Schmidtmayr, we are gaining an experienced real estate and capital market expert, and we look forward to working with him."
Friedrich Wachernig: "The fifteen years at S IMMO were certainly the most formative of my career. I look back on them with gratitude and pride. My thanks go above all to the outstanding team; it was a pleasure and an honour to shape the company with them. This team will continue to work with maximum commitment for S IMMO."