Oliver Schumy, CEO of Immofinanz AG, has left the Company as member of the Executive Board effective 18 March 2020. The premature termination is based on mutual agreement due to personal reasons. As of 19 March 2020, the Executive Board of the Company is thus composed of the members Dietmar Reindl and Stefan Schönauer, who will continue all agendas.
“Oliver Schumy has made a valuable and lasting contribution to the successful repositioning of Immofinanz in recent years. The Supervisory Board would like to express its gratitude to him”, said Michael Knap, Chairman of the Supervisory Board. “The termination of the contract is not related to the position of the Company or the possible effects of the Covid-19 crisis on the business of Immofinanz. The Company is solidly positioned and has a conservative capital and financing structure to be able to react quickly, flexibly and purposefully in this challenging environment. The Executive Board members Dietmar Reindl and Stefan Schönauer will seamlessly continue the successful course of the Company in these challenging times.”