Peach Property Group AG — Board/Management Information 2011

Aug 16, 2011

News Details

Ad-hoc | 16 August 2011 07:07

Peach Property Group AG announces management changes

Peach Property Group AG / Key word(s): Change of Personnel

16.08.2011 07:07

Release of an ad hoc announcement pursuant to Art. 72 KR

Media release

Peach Property Group announces management changes

• Marcel Kucher appointed to Management Board as Chief Information
  Officer

• Albert Halter joins Group as Head of Marketing and Communications and
  member of the extended management

• Appointments strengthen Peach Property Group's expertise in information
  management, marketing and communications, with an eye on future growth

• Rahman Rahmanzadeh and Joel Blom leave Group after successful business
  development work in Switzerland and Germany

Zurich, 16 August 2011 - As Chief Information Officer, Marcel Kucher will
be responsible for optimising and automating internal business processes,
enabling Peach Property Group to grow even more efficiently. Priority is
being given to implementing projects in the fields of finance and
accounting, marketing and sales as well as project and building management.

Integrated information system will drive growth
Thomas Wolfensberger, CEO and Delegate of the Board of Directors, explains:
'Our vision is to incorporate the processes which create value for the
appraisal and implementation of our real-estate projects into a single,
interdisciplinary information system. An integrated platform will allow us
to complete our projects even faster, more transparently and more
rationally, and gain us further competitive advantages.'

Over the past eight years, Marcel Kucher has played a key role in building
up the consultancy company a-connect in Switzerland and the USA, serving as
Chief Financial Officer and Head of Corporate Development. He managed the
introduction of an SAP-based information system at all sites, which lent
decisive support to the Group's growth. Kucher had previously worked at
McKinsey & Company and Credit Suisse, after completing his studies in
economics at the University of Zurich and the London School of Economics
and obtaining a doctorate.

New Head of Marketing and Communications
Joining Peach Property Group as Head of Marketing and Communications is
Albert Halter, who had been with SWX Group since 2006. He has also served
as Head of Corporate Communications and Head of External Communications at
SIX Group. Earlier posts held include Manager External Communications at
Barry Callebaut and Head of Communications at Swiss Re Asset Management.
Halter studied at the University of Zurich, where he obtained the degree of
Dr. phil. I. He takes over from Joel Blom, who has served the company
successfully since 2008 and is now moving on to new challenges.

Thomas Wolfensberger comments: 'We are very pleased to be able to appoint
Albert Halter, a communications professional with a thorough knowledge of
corporate and marketing communications. His broad experience will enable
him to support our sometimes highly complex plans professionally. We are
also grateful to Joel Blom for his exceptionally good business development
work, and wish him all the best in his new activities.'

Rahman Rahmanzadeh winds up his successful activity
Peach Property Group's business activities in Switzerland and Germany are
now well established, with an expert managerial team in place for the areas
of development as well as building and project management. Chief
Construction Officer Rahman Rahmanzadeh has therefore decided to leave the
company at the end of September and dedicate himself to new tasks.
Chief Operating Officer Bruno Birrer will take over Rahmanzadeh's duties in
Switzerland while, in Germany, the two Managing Directors Bernd Hasse and
Ralf Vorrink will assume this responsibility.

'Rahman Rahmanzadeh has made a valuable contribution to the successful
development of our business in Switzerland and Germany. We thank him most
warmly for his great dedication and convey every good wish to him for the
future,' adds Wolfensberger.

Contact
For investors and analysts:
Dr. Thomas Wolfensberger, Chief Executive Officer
Bruno Birrer, Chief Operating Officer
+41 44 485 50 00
investors@peachestates.com

For the media:
Siro Barino, Barino Consulting
+41 79 335 24 24
info@barino.ch

Information on Peach Property Group Ltd
Peach Property Group Ltd is one of the leading developers in the area of
top-quality residential property in the German-speaking part of Europe.
Activities cover the entire value chain of property development, from site
surveying to project planning, implementation and marketing. Properties
developed by Peach Property Group Ltd are located on exceptional sites in
or near city centres and holiday resorts. Premier amenities meet the
requirements of a demanding clientele.

Peach Property Group Ltd currently employs 34 real-estate and finance
specialists at its Zurich head office and at its Cologne branch. The Group
plans and is currently implementing 14 projects with total target marketing
volume of approximately CHF 800 million. Peach Property Group Ltd has been
listed on the SIX Swiss Exchange since 12 November 2010 (PEAN, ISIN
CH0118530366).

For further information, please visit www.peachestates.com

16.08.2011 News transmitted by EquityStory AG.
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Language: English
Company: Peach Property Group AG
Seestrasse 346
8038 Zürich
Switzerland
Phone: +41 44 485 50 00
Fax: +41 44 485 50 11
E-mail: investors@peachestates.com
Internet: www.peachestates.com
ISIN: CH0118530366
Swiss Security Number: A1C8PJ
Listed: Freiverkehr in Berlin, Stuttgart; Open Market in
Frankfurt; SIX

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