Frankfurt 10/12/2019 — The supervisory board of publity AG (Scale, ISIN DE0006972508) has prematurely extended the executive board contract of Frank Schneider (56) by five years, until 1 December 2024. The contract had an original term ending on 30 November 2020. Attorney-at-law Frank Schneider has been a member of the Management Board of publity AG since December 2018, alongside CEO Thomas Olek, and is also its Chief Operating Officer (COO). He will continue to hold this position.
Frank Schneider has extensive experience in legal project management for real estate transactions and has provided publity with legal advice on real estate acquisitions and sales for many years. Before joining publity, he was with CMS Hasche Sigle, Germany’s largest commercial law firm, from 1999 to 2018, focusing on real estate and building law. Furthermore, he acted as in-house counsel for the HOCHTIEF construction group.
Thomas Olek, CEO of publity, comments: «Frank Schneider is a very experienced real estate lawyer and has already advised publity on a variety of transactions. I am looking forward to the further very good cooperation with him. Thanks to his expertise and his network, we complement each other perfectly on the board of publity AG in order to continue to drive the company’s further growth in the future».
Financial Press and Investor Relations:
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Phone: +49 69 905505-52
publity AG («publity») is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.
Executive Board member Frank Schneider’s contract extended prematurely until 2024