Accentro Real Estate AG Announces Leadership Transition Following Financial Restructuring

Accentro Real Estate AG and Dr. Gordon Geiser have mutually agreed that Dr. Geiser will step down from the company's Management Board at the end of the year, following the successful implementation of the financial restructuring. The Management Board and Supervisory Board expressed gratitude for Dr. Geiser's outstanding work as Chief Investment Officer and particularly acknowledged his tireless efforts in implementing the StaRUG process. This leadership change marks a significant transition for the company as it moves from financial stabilization to operational restructuring.

In response to this change and to ensure an orderly transition, the Supervisory Board has appointed Stefan Hammen as a full member of the Management Board with immediate effect for a three-year term, naming him Chief Financial Officer. Mr. Hammen brings extensive industry-specific expertise in finance, accounting, reporting, and asset management to his new role. He will work alongside current CEO Jorg NeuB to support Accentro Real Estate AG during the further operational restructuring phase and drive forward the strategic realignment of the company. This appointment signals the company's commitment to strengthening its financial leadership as it navigates the next phase of its development.

The Chairman of the Supervisory Board, Dr. Nedim Cen, stated, "We are delighted to have gained Stefan Hammen, a proven financial expert in the real estate sector, for our Management Board, who will accompany the company into the next phase with his many years of experience." This endorsement highlights the importance of Mr. Hammen's appointment in providing financial stability and strategic direction during a critical period for the company. The leadership transition comes at a pivotal moment as Accentro seeks to build upon the foundation established through its recent financial restructuring.

Paul Sisak, Deputy Chairman of the Supervisory Board and member of the former Ad Hoc Group of bondholders, added, "At the same time we want to express our gratitude and appreciation for Dr. Geiser's dedicated work over the last years at Accentro, which has now put the company onto healthy footing." This acknowledgment underscores the significance of Dr. Geiser's contributions in stabilizing the company's financial position through the StaRUG implementation. The successful completion of this restructuring has created the conditions for the current leadership transition and the company's forward-looking strategic initiatives.

The company's website at https://www.accentro.de provides additional information about Accentro Real Estate AG's business activities and market position. As a residential investor and market leader in residential privatization in Germany, Accentro operates in major cities and conurbations in central Germany and the Rhine-Ruhr metropolitan region, with Berlin as a key market. The company's shares are listed in the General Standard segment of the Frankfurt Stock Exchange, and this leadership transition represents an important development for investors monitoring the company's progress following its financial restructuring. The appointment of Mr. Hammen as CFO positions the company with experienced financial leadership as it enters the next phase of its strategic realignment and operational restructuring efforts.