Peach Property: Chairman of the Board of Directors and other Board members step down
The company cites "different approaches regarding the implementation of the corporate strategy" as the reason for this.
Reto Garzetti, Executive Chairman of the Board of Directors of Peach Property, and Kurt Hardt, Member of the Board of Directors, will step down from the Board at the end of October. This was announced by the company in an ad hoc announcement.
Reto Garzetti has held the operational management responsibilities of CEO and Chairman of the Executive Board in recent months. He had taken over from the long-standing Peach CEO Thomas Wolfensberger, who stepped down at the Annual General Meeting in May of this year.
Kurt Hardt was a member of the Board of Directors as a representative of the anchor shareholder Kreissparkasse Biberach. The savings bank had invested in Peach Property in 2017 as part of a capital increase and acquired a stake of 7.8% in the company at the time.
Peach has announced that current Board member Klaus Schmitz will take over the role of Executive Chairman from Garzetti until the next Annual General Meeting. Schmitz has been a member of the Board of Directors since 2020 and is a shareholder representative of Peak Investment. The current independent Board members Peter Bodmer and Christian De Prati will remain in office, according to Peach Property. (ah)
