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ADO Properties S.A.: Florian Goldgruber to become CFO of ADO Properties S.A.

DGAP-News: ADO Properties S.A. / Key word(s): Change of Personnel

2016-06-08 / 15:00
The issuer is solely responsible for the content of this announcement.

Berlin, 8 June 2016 - The Board of Directors of ADO Properties S.A., the only residential property company with exclusive focus on Berlin that is listed in the Prime Standard, appointed Florian Goldgruber (40) as its new Chief Financial Officer (CFO). He will take office on 1 July 2016.

Florian Goldgruber, a certified business administrator, has before served as Chief Financial Officer of Arbireo Capital AG in Frankfurt am Main since January 2015. After starting his professional career with PricewaterhouseCoopers and goetzpartners he moved to Terra Firma Capital Partners where he was responsible for Vonovia SE (formerly Deutsche Annington Immobilien SE), at this time a portfolio company of Terra Firma.

2012 he moved to Vonovia SE as Head of Capital Markets, responsible for all strategic corporate projects like the company's IPO, the successful restructuring of the EUR 5.8 billion CMBS ("Deal of the Year 2013" by the Financial Times), the initial corporate rating of Vonovia SE, the formation of the investor relations department or the acquisition of the EUR 1.5 billion Vitus portfolio.

"We are pleased to have found with Florian Goldgruber a new CFO who has a wide and long standing capital market expertise and moreover is perfectly familiar with our company. He has worked with us for several years now as adviser, especially before and during our initial public offering," said Moshe Lahmani, Chairman of the Board of ADO Properties S.A. At the same time, he thanked Yaron Zaltsman, the outgoing CFO who announced in late March that he would be leaving the company in July. "In his role as CFO and member of the Management Board, Yaron Zaltsman left his mark on ADO Properties S.A. during a decisive phase. He deserves much of the credit for the successful development of our company and its eminent market position today. We would like to thank him very much for that and we wish him every success for the future, both on and off the job."

About ADO Properties

ADO Properties is a Berlin-based company active exclusively in the residential real estate sector and owning a property stock of 16,400 units. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. In addition to being accountable for the condition of its apartments and buildings, ADO Properties assumes responsibility for the people who live in them, its own employees and the surrounding environment. The portfolio of ADO Properties is concentrated in central locations inside Berlin's rapid-transit circle line and attractive districts on the city's periphery.

2016-06-08 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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