- Matthias Wargers to be chairman
Mainz, 19 September 2012 – The General Meeting of Westdeutsche ImmobilienBank AG (WestImmo) appointed a new Supervisory Board today. The new members are Matthias Wargers and Markus Bolder, both members of the managing board of Erste Abwicklungsanstalt (EAA) in Düsseldorf, and Dr. Ulf Bachmann, head of Strategic Project Management and Participation at the EAA. The existing members, Michael Breuer, President of the Rheinischer Sparkassen- und Giroverband savings bank and giro association, Dr. Rolf Gerlach, President of the Sparkassenverband Westfalen-Lippe savings bank association, and Gerhard Heilgenberg, section head at the Ministry of Finance of North Rhine-Westphalia, will continue to sit on the Supervisory Board.
In its constitutive meeting the Supervisory Board then elected Matthias Wargers as chairman and Markus Bolder as vice-chairman. “The EAA will now explore together with the Managing Board of WestImmo the strategic options available to the institution”, said Wargers after his election. There would be no rush to reach conclusions. He emphasised: “WestImmo has a workforce that demonstrates outstanding professionalism and it also offers a technical platform of very good quality. These are key factors for our strategic considerations.”
Claus-Jürgen Cohausz, Chairman of the Managing Board of WestImmo, said: “In Matthias Wargers WestImmo has a chairman for its Supervisory Board who has known the bank well for years. We look forward to constructive co-operation with the Board.” He also thanked Hubert Beckmann for his work to date as chairman and vice-chairman and all retiring members of the Supervisory Board for their valued trust and assistance over the years.
The EAA acquired all shares in WestImmo from the former WestLB AG – trading as Portigon AG since 1 July of this year – on 1 September 2012. The carve-out agreement took effect upon registration in the commercial register on 17 September 2012. WestImmo is thus a fully owned subsidiary of the EAA.