At its meeting yesterday, the Supervisory Board of Aareal Bank AG appointed Norbert Kickum as a new member of the Aareal Bank AG Management Board responsible for national and international markets.
Following the vote by the Supervisory Board, Mr Kickum (50) a graduate in business administration (Diplom-Kaufmann) is to take up his post no later than 1 January 2006. He will assume the duties of Management Board member Dr. Ralph Hill (43), who is leaving the company by mutual consent.
The Management and Supervisory Boards of Aareal Bank expressed their thanks to the departing Dr. Hill, for his successful commitment and service to the bank, in particular in building up foreign operations and in the area of securitisation.
Hans W. Reich, Chairman of the Supervisory Board, commented on the future member of the Management Board: "In Mr Kickum, Aareal Bank AG is gaining a Board member who is respected in the market, who will push forward the bank's new sales strategy and who will bring a dynamic impetus to the expansion of its international and German target business."
Mr Kickum was previously a member of the Management Board of Allgemeine HypothekenBank Rheinboden AG, responsible for credit and real estate management as well as controlling.
The new Management Board of Aareal Bank AG will comprise: Norbert Kickum (50), Hermann J. Merkens (38), Thomas Ortmanns (44), Christof M. Schörnig (38) and Dr. Wolf Schumacher (47).
Source: Aareal Bank