Corporate News

28/02/2018 | Corporate News

Fair Value REIT-AG: Changes in Management Board

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·         Stefan Herb appointed as additional member of the Management Board

·         Management Board member Patrick Kaiser resigns ahead of schedule as of 28 February 2018

 

Graefelfing, 28 February 2018 – The Supervisory Board of Fair Value REIT-AG (WKN/ISIN A0MW97/DE000A0MW975, the “Company”) has appointed Stefan Herb as an additional member of the Management Board as of 1 March 2018. He will become the Company’s CFO. Stefan Herb has around two decades of experience in executive positions in the real estate industry and with real estate funds. He has been Head of corporate management/treasury with DEMIRE Deutsche Mittelstand Real Estate AG since October 2017. In its ad-hoc disclosure dated 20 February 2018 Fair Value REIT-AG informed investors that Patrick Kaiser, a member of its Management Board, would resign from his office as of 30 April 2018 on the best of terms with the Supervisory Board.

 

The Company’s Supervisory Board expressly thanks Mr. Kaiser for his work. Fair Value REIT-AG’s Management Board will thus comprise Ralf Kind as CEO and Stefan Herb as CFO in future.

 

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2018

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A REIT – Higher Return for Investors

REIT stands for Real Estate Investment Trust. The assets of these listed companies in Germany consist mainly of real estate and investments in other real estate companies.

 

At the international level, REITs have been established for many years. On 1 January 2007, they were introduced in Germany as well.

 

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