The board of directors of ORCO PROPERTY GROUP welcomed a new board member, Mr. Pavel Spanko, who has been coopted to the Company's board of directors on 12 November 2014. Mr. Spanko's co-optation reflects the changes in the Company's shareholding structure, since ASPLEY VENTURES LIMITED is an entity which is closely associated with Mr. Spanko. Further to the resignation of Mr. Salajka from the position of CEO on 10 November 2014, the board of directors appointed Mr. Jiri Dedera as the new CEO.

Prior to his appointment as CEO Mr. Dedera served as Deputy CEO. Mr. Dedera has also been a director of the Company since February 2013.