ADO Properties : S.A. announces change to the Board of Directors
January 23, 2018 at 02:15 pm IST
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DGAP-News: ADO Properties S.A. / Key word(s): Change of Personnel
ADO Properties S.A. announces change to the Board of Directors
23.01.2018 / 09:35
The issuer is solely responsible for the content of this announcement.
Berlin, January 23, 2018 - ADO Properties S.A. announces that Mr. Yaron Karisi has stepped down as a member of the board of directors of ADO Properties S.A. as of December 30, 2017.
On January 22, 2018 the board of directors appointed Mr. Yuval Dagim as a member of the board of directors with immediate effect. Yuval Dagim has taken over the position as the CEO of Shikun & Binui, Israel, after the end of Yaron Karisis term. Yuval Dagim will initially be a member of the board of directors until the annual general meeting in 2018. Yaron Karisi was a member of the board of directors of ADO Properties S.A. since 2015.
Yuval Dagim (55) has vast leadership experience in global businesses in the industrial and the infrastructure sector. His previous positions include Managing Director of Quarry Products at Hanson in Britain, where he gained extensive experience in the field of construction materials. He also served as Managing Director at Kimberly Clark Israel, and as Managing Director at Kimberly Clark Australia and New Zealand.
The board of directors of ADO Properties S.A. thanks Yaron Karisi for his successful term and for performing his duty with responsibility, professionalism and commitment. The board wishes Yaron Karisi all the best for the future.
23.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
ADO Properties S.A.
1B Heienhaff
L-1736 Senningerberg
Luxemburg
Phone:
+352 26 493 412
Fax:
+352 27 860 722
E-mail:
ir@ado.properties
Internet:
www.ado.immo
ISIN:
LU1250154413
WKN:
A14U78
Indices:
SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Luxemburg
Adler Group SA, formerly known as ADO Properties, is a Luxembourg-based real estate company. The Company operates in Germany, in the residential real estate field with approximately 70,000 residential units, and a development pipeline of approximately 10,000 new flats in Germany. The Company focuses on asset and portfolio management, property and facility management and developing residential properties throughout Germany. The Company operates through two business segments: Residential property management and development. Residential property management offers renting and managing residential properties, the management of tenancy agreements and marketing of residential units with the focus on optimization of rental income. The development side of the business splits into build-to-sell projects and build-to-hold projects.