The Supervisory Board of Fair Value REIT-AG, in which DEMIRE Deutsche Mittelstand Real Estate AG holds a substantial interest and currently 77.7 % of the voting rights, yesterday appointed Mr Ralf Kind, CEO/CFO of DEMIRE, as a member of the Management Board. As a result, the Management Board of Fair Value REIT-AG consists of two members. Mr Ralf Kind will take on the role of Chairman of the Management Board (CEO). Retaining his position as a member of the Management Board is Mr Patrick Kaiser, who has been a Management Board member of Fair Value REIT-AG since 1 November 2016.
Furthermore, Dr Thomas Wetzel and Mr Daniel Zimmer were appointed as members of the Supervisory Board of Fair Value REIT-AG by the District Court of Munich - Registration Court effective 1 December 2017. The Court has thereby complied with the corresponding proposals of the Management Board of Fair Value REIT-AG. At the same time, the Supervisory Board yesterday elected Mr Frank Hölzle as its Chairman and Dr Thomas Wetzel as Deputy Chairman. Mr Hölzle has already been a member of the Supervisory Board of Fair Value REIT-AG since September 2017.
