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| What personnel changes will the purchase of Constantia Privatbank's real estate division and the separation from Constantia Privatbank bring?
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As a result of the separation, all overlaps in personnel on the boards of IMMOFINANZ and IMMOEAST on the one hand and Constantia Privatbank on the other hand will be removed.
- Dr. Karl Petrikovics, previously CEO at all three companies, has resigned as CEO of Constantia Privatbank at the end of June 2008 and remains CEO of IMMOFINANZ and IMMOEAST.
- Conversely, Norbert Gertner, previously member of the board at all three companies has left the boards at IMMOFINANZ and IMMOEAST at the end of June 2008 and remains a member of the board at Constantia Privatbank.
- Three experienced managers at IMMOFINANZ will additionally join the board: Daniel Riedl, Christian Thornton and Michael Wurzinger.
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