Peach Property Group AG — Board/Management Information 2012

Apr 11, 2012

News Details

Ad-hoc | 11 April 2012 07:01

Peach Property Group redefines financial management responsibilities

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

11.04.2012 07:01

Release of an ad hoc announcement pursuant to Art. 53 KR

Media release

Peach Property Group redefines financial management responsibilities

• Current Chief Information Officer Dr. Marcel Kucher appointed new Chief
  Financial Officer of Peach Property Group

• Current CFO Ruedi Adler moving to the role of Senior Advisor Group
  Controlling effective 15 April 2012 at his own request

• Denise Gull named Head of Group Accounting

Zurich, 11 April 2012 - Peach Property Group AG, a leading developer of
high-value residential property in German-speaking Europe, announces the
following internal management changes: Ruedi Adler (61), Chief Financial
Officer (CFO) and a member of executive management of Peach Property Group
for close to five years, has decided to hand over the operational role of
CFO to fellow management member Dr. Marcel Kucher with effect from 15 April
2012. Ruedi Adler is taking on a new role and will continue to serve the
company as Senior Advisor Group Controlling and member of the extended
executive management.

Dr. Marcel Kucher (40), Chief Information Officer of Peach Property Group
since September 2011, is assuming the role of Chief Financial Officer from
Ruedi Adler. Marcel Kucher has made a name for himself within the Group
with a number of projects designed to increase efficiency and automate core
processes, including the introduction of a Group-wide Customer Relationship
Management system. He will remain in charge of these projects. Prior to
joining Peach Property Group, Marcel Kucher was involved in building up the
international operations of consultancy company a-connect over a period of
five years in his capacity as CFO. Among his management tasks, he oversaw
the adoption of IFRS as accounting standard and the global rollout of an
SAP-based information system. Marcel Kucher began his career with Credit
Suisse and McKinsey & Company. He studied economics at the University of
Zurich and the London School of Economics and holds a PhD.

With effect from the same date, Denise Gull (34) has been appointed new
Head of Group Accounting. She joined Peach Property Group in 2010 and has
been instrumental in assuring the quality of accounting, consolidation and
reporting following the Group's IPO. Before that, Denise Gull was a lead
auditor and accountant with KPMG. She has a degree in economics from the
University of Zurich. In establishing this new role, Peach Property Group
is placing a stronger focus on building up its management information
system (MIS) as well as on internal and external financial transparency.

By broadening the financial management team, Peach Property Group is
creating an optimal base for further growth, while retaining the available
wealth of expertise and experience. According to Peach Property Group CEO
Dr. Thomas Wolfensberger: 'The newly designated responsibilities within the
finance area signify a strengthening of our central functions. As CFO of
Peach Property Group, Ruedi Adler has done an outstanding job over a period
spanning almost five years. He will now concentrate on questions revolving
around Group Controlling. I would like to thank him for his crucial
contribution to building up Peach Property Group and look forward to
continuing to work with him. In Marcel Kucher we have found an experienced
manager with strong leadership skills from among our own ranks to take on
the role of Chief Financial Officer. In the newly established role of Head
of Group Accounting, Denise Gull will complete our management team. Peach
Property Group is thus eminently well equipped for the next development
phase.'

Contacts

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

Media:
Siro Barino, Barino Consulting
+41 79 335 24 24
info@barino.ch

About Peach Property Group
Peach Property Group AG is a leading developer in the field of top-quality
residential property in the German-speaking region of Europe. Its
activities cover the entire prime property development value chain, from
site evaluation to project planning, implementation and marketing.
Properties developed by Peach Property Group AG are located on exceptional
sites in or near city centres and holiday resorts. Premier amenities meet
the requirements of a demanding clientele. The company's integrated
corporate strategy includes not only the development of high-quality
residential properties, but also the management of investment properties
for the purpose of generating consistent annual revenues.

Peach Property Group AG is headquartered in Zurich and also has a branch
office in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange
(PEAN, ISIN CH0118530366).

Visit www.peachestates.com for more information.

11.04.2012 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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