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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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26.03.2007
Cologne, 26 March 2007. The executive board and supervisory board will propose
the annual general meeting on 22 May the appointment of Mr. Leffin (38) to the
supervisory board after ten years as CEO of VIVACON AG (ISIN 000604 8911).It is
planned that Marc Leffin become the new chairman of the supervisory board in
order to allow him to concentrate on the further strategic development of the
Vivacon group. Mr. Leffin will be available for this new role on a long-term
basis and intends to retain his current sharehing.
Michael Jung (40) will be appointed to CEO, having been the company's CFO
since 2004. Mr. Jung has been instrumental in the development of the
institutional investor business and will retain his responsibility for the
finance department.
In addition, the supervisory board has appointed Oliver Priggemeyer (38) to
the executive board of Vivacon AG as COO with effect from 1st July, 2007.
His primary duty will be the further development of the personnel and
organisational structure in light of the continuing strong growth of the group.
Oliver Priggemeyer was until recently CEO of EPM Assetis GmbH, a joint venture
between WestLB and Bilfinger Berger with approximately 470 employees and more
than EUR 10bn of assets under management. Mr. Priggemeyer's responsibilities
there included the asset and portfolio management business.
Further explanation:
Marc Leffin (38), co-founder and major shareholder of VIVACON AG, intends to
allow for the continuing strong growth and will soley concentrate on the
strategic positioning and expansion of new business areas of VIVACON AG in the
future. Already in the business year 2006, Mr Leffin dealt preferentially with
the further development of the Company. The now intended change from CEO of the
executive board to chairman of the supervisory board allows for the development
of the expanded scope of duties.
"I do see a lot of growth potential for VIVACON AG und will set all courses to
press ahead Company growth". The executive board of VIVACON AG intends to
advance on two areas in parallel: strategically and structurally. "We intend to
expand our top management team and to bundle and enhance its capacities to
promote the Company in the long-term."
"Following 10 years of groundwork and management functions as CEO of VIVACON AG,
I decided to change from the executive board to the supervisory board. I will
take over the responsibilty of the Company and subject to the appointement as
chairman of the supervisory board. Even though, I was responsible for strategy
of VIVACON AG as executive member, I was strongly involved in the operational
day-to-day business. In contrast to virtually all other supervisory board
members, I intend to execute the mandate as chairman of the supervisory board
full-time, i.e. not part-time. In this respect, I see my future duty as chairman
of the supervisory board in the coming years similar as in the USA and UK like a
member of a "board" as "non-executive member". These chairmans are stronger
involved in company events than an usual chairman of the supervisory board in
Germany. These changes reflects the request of the other supervisory board
members, which were demanded in a high degree by an undue number of single
decisions in 2006.
Further inquiry note:
Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de
Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631
Lars.Schriewer@vivacon.de
Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950
http://www.vivacon.de
end of announcement euro adhoc 26.03.2007 07:58:12
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emitter: Vivacon AG
Bayenthalgürtel 4
D-50968 Köln
phone: +49(0)221 93761 0
FAX: +49(0)221 93761 130
mail: info@vivacon.de
WWW: http://www.vivacon.de
ISIN: DE0006048911
indexes: CDAX, SDAX, Prime All Share, Classic All Share
stockmarkets: official dealing/prime standard: Frankfurter Wertpapierbörse, free
trade: Börse Berlin-Bremen, Hamburger Wertpapierbörse,
Baden-Württembergische Wertpapierbörse, Börse Düsseldorf, official
dealing: Bayerische Börse
sector: Real Estate
language: English
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