01. September 2010 
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Michael Wurzinger resigns from the Immofinanz Executive Board
Michael Wurzinger, member of the Executive Board of Immofinanz AG, has announced his intention not to extend his contract and will resign as of 31 August 2010. He will be available to assist the company on a consultancy basis until his mandate expires in 2011.
As a member of the Immofinanz Executive Board, Mr. Wurzinger has been responsible for asset and investment management as well as the development of commercial real estate in Austria, Western Europe and the USA. The rapid and consistent restructuring of this area of business under Mr. Wurzinger's management permitted extensive sales of real estate and investments at the height of the economic crisis in 2008 and 2009, which generated revenues of approximately €700 million and thereby made a decisive contribution to the survival and successful financial restructuring of the Immofinanz Group.
Michael Wurzinger 39 years old is a member of the Royal Institution of Chartered Surveyors
(RICS) and has worked for the Immofinanz Group for 13 years. He was appointed
to the Executive Board in July 2008.
As a member of the Immofinanz Executive Board, Mr. Wurzinger has been responsible for asset and investment management as well as the development of commercial real estate in Austria, Western Europe and the USA. The rapid and consistent restructuring of this area of business under Mr. Wurzinger's management permitted extensive sales of real estate and investments at the height of the economic crisis in 2008 and 2009, which generated revenues of approximately €700 million and thereby made a decisive contribution to the survival and successful financial restructuring of the Immofinanz Group.
Michael Wurzinger 39 years old is a member of the Royal Institution of Chartered Surveyors
(RICS) and has worked for the Immofinanz Group for 13 years. He was appointed
to the Executive Board in July 2008.
