DIC Asset AG: DIC Asset AG: Changes in the Management Board
DGAP-News: DIC Asset AG / Key word(s): Change of Personnel
2016-05-03 / 07:30
DIC Asset AG: Changes in the Management Board
– CEO Aydin Karaduman also to assume the role of COO
– COO Rainer Pillmayer to leave the company
– CIO Johannes von Mutius placed in charge of acquisitions and dispositions
DIC Asset AG has restructured its management board, reducing the number of board members from four to three. Rainer Pillmayer, the COO of DIC Asset AG, will leave the company by mutual consent at the end of his contractual term on 31 May 2016. In the future, Aydin Karaduman, the CEO of DIC Asset AG, will take on the role of COO in addition to his responsibility for the corporate strategy, and thus be in charge of fund, asset and property management. Sonja Wärntges (CFO) will remain in charge of Finance & Controlling while Johannes von Mutius, so far responsible for the Sales division, will also pool and manage the buying and selling activities in the Investment division in the role of CIO. The move is intended to align the management board with the new growth strategy of DIC Asset AG.
Rainer Pillmayer has been with DIC Asset AG since 2008, and has served on the board as COO since June 2013. Pillmayer’s spheres of responsibility included the fund business which has expanded to more than one billion euros in assets under management today. “We would like to thank Rainer Pillmayer for the great collaboration over many years and for his successful job on the board of DIC”, said Prof. Gerhard Schmidt, Chairman of the Supervisory Board of DIC Asset AG.
About DIC Asset AG
Established in 2002, DIC Asset AG, with registered offices in Frankfurt/Main, is a real estate company with an investment focus on commercial real estate in Germany, pursuing a return-oriented investment policy. The Company’s investment strategy is geared to the continued development of a high-quality, highly profitable and regionally diversified portfolio. Real estate assets under management comprise 215 properties with an aggregate market value of EUR 3.2 billion. The real estate portfolio is structured in two segments: the Commercial Portfolio (EUR 1.8 billion) comprises existing properties with long-term rental contracts generating attractive rental yields. The Co-Investments segment (EUR 1.4 billion) comprises fund investments (accounting for a share of EUR 1.1 billion), joint-venture investments, and interests in development projects. DIC Asset AG provides a direct service to tenants through its own real estate management teams in six offices located at the regional hubs within the portfolio. This provides DIC Asset AG with an edge in terms of market presence and expertise, and builds the foundation for maintaining and increasing income – and the value of its real estate assets. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company’s shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.
DIC Asset AG
2016-05-03 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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|Company:||DIC Asset AG|
|Neue Mainzer Straße 20 * MainTor|
|60311 Frankfurt am Main|
|Phone:||+49 69 9454858-1221|
|Fax:||+49 69 9454858-9399|
|ISIN:||DE000A1X3XX4, DE000A1TNJ22, DE000A12T648|
|WKN:||A1X3XX, A1TNJ2, A12T64|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP News Service|