WestLB AG: 8 November 2004
Klaus Neuhaus (53) has been appointed to the Managing Board of Westdeutsche ImmobilienBank (WIB), Mainz, with immediate effect. Chairman Jürgen Stinner (60) and Board member Dr. Jörg Lauer (51) have left the company by mutual agreement. Dieter Groh (51) will remain a member of the Managing Board and take over as acting head until a new Managing Board Chairman has been appointed. The new appointments to the Board take account of the strategic repositioning of WestLB, which provides for closer links between WIB and WestLB as the competence centre for real estate financing.
Klaus Neuhaus joins WIB from WestLB, where he was business unit head responsible for Central Credit Management in the WestLB Group. As business unit head he was previously responsible for the credit business in America and Asia/Pacific. Klaus Neuhaus has been a member of the WIB Credit Committee since August 2003.
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