Clara C. Streit to take over as Chair of Vonovia’s Supervisory Board in 2023

Bochum, 8 December 2022 – Following the AGM on 17 May 2023, the Supervisory Board of Vonovia SE intends to appoint Clara C. Streit – subject to her re-election – as Chair of the company’s Supervisory Board. This was decided unanimously by the Supervisory Board at its ordinary meeting today. Clara C. Streit will be taking over from Jürgen Fitschen who decided in November not to stand for re-election, due to Vonovia’s age limit of 75.

Clara C. Streit (53) has been a member of Vonovia's Supervisory Board since June 2013 and has chaired the Finance Committee and been a member of the Executive and Nomination Committee since that time.

Jürgen Fitschen, Chair of the Supervisory Board of Vonovia SE, says: “I’ll be passing on my mandate on Vonovia’s Supervisory Board in the knowledge that, by proposing Clara C. Streit to our shareholders, we’ll be suggesting a successor who will continue this task with great commitment and in the interest of the company and all its stakeholders. She has detailed knowledge of Vonovia and can look back to many years of international experience on committees, with wide-ranging insights into other industries.”

Clara C. Streit says: “I am very pleased about the trust that has been placed in me by my colleagues in the Supervisory Board. This office comes with a great responsibility, as the way in which Vonovia meets the immense challenges in the housing market is relevant to cohesion in our society – challenges which include new construction, climate protection and demographic change.”

Today, Clara C. Streit is a supervisory board member and entrepreneur. She had previously worked as a consultant at McKinsey’s for many years and most recently as a Senior Partner. A graduate in business administration, she is a member of the Supervisory Board of Deutsche Börse AG, a member of the Board of Directors of Vontobel Holding AG in Switzerland and a member of the Board of Directors of Jerónimo Martins SGPS AG, a Portuguese consumer goods group.

The Annual General Meeting of Vonovia SE will be held virtually on 17 May 2023.

Photo: Clara C. Streit to take over as Chair of Vonovia’s Supervisory Board in 2023

Photo free for use. Please indicate the following source: Vonovia / Catrin Moritz

 

Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently owns more than 549,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,400 apartments. Its portfolio is worth approximately € 99.2 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company’s successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 (today DAX 40) and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of approximately 15,900 employees.

Additional Information:

Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange

ISIN: DE000A1ML7J1

WKN: A1ML7J

Common code: 094567408

Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879

Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia (“forward-looking statements”) that reproduce various assumptions regarding, e.g., results derived from Vonovia’s current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.