- Dr. Corinne Wohlfahrt nominated to the Board of Directors at the General Meeting of 11 May 2012.
- Christian Kühni not seeking re-election.
Zurich, 13 March 2012 – The Board of Directors of Peach Property Group AG, a leading developer of high-quality residential properties in German-speaking Europe, will nominate Dr. Corinne Wohlfahrt as a new member of the Board at the Ordinary General Meeting of 11 May 2012. Current Board member Christian Kühni will not be seeking re-election, due to his new appointment as COO of IVG Immobilien AG, one of Europe’s largest property companies.
Corinne Wohlfahrt (1966) has been working on a self-employed basis in the Private Equity domain for some ten years. Amongst other things, she holds and manages holdings in the areas of real estate (Switzerland, Germany and Singapore), biotechnology, water rights and production in the photo laboratory technology field. She possesses profound knowledge of the German market. In her role as M&A specialist, she advised Peach Property Group on major transactions, including the takeover of the development activities of Vivacon AG in 2009.
Prior to that, she enjoyed a long international career in the publishing industry; appointments included managerial positions at Julius Springer in Germany and the Bertelsmann Group in the USA. She also has longstanding experience in Germany thanks to her previous involvement in the privatisation team at Treuhandanstalt Berlin and its subsidiary TOB. Corinne Wohlfahrt completed a law degree from the University of St. Gallen where she also earned her doctorate. She is of Swiss nationality.
Chairman of the Board, Dr. Christian Wenger: “I am grateful to Christian Kühni for the immense contribution he has made to Peach Property Group. We wish him every success in his new role as COO of IVG. At the same time, I am delighted to be able to propose Dr. Corinne Wohlfahrt for election. Having proved herself in the international arena, her experience will be a real asset to the Board.”
Investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
Siro Barino, Barino Consulting
+41 79 335 24 24
About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality residential property in the German-speaking part of Europe. Activities cover the entire top-quality property development value chain from site surveying to project planning, implementation and marketing. Properties developed by Peach Property Group AG are located on exceptional sites in or near city centres and holiday resorts. Premier amenities meet the requirements of a demanding clientele.
Peach Property Group AG currently employs 34 real estate and finance specialists at its Zurich head office and at its Cologne branch. The Group is currently planning and implementing 14 projects with a total target marketing volume of approximately CHF 800 million. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).
Visit www.peachproperty.com for more information.