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    ARL   DE0005408116


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: CEO Hermann J. Merkens will not return to office - search for a successor has reached an advanced stage

04/20/2021 | 04:37pm EDT
DGAP-News: Aareal Bank AG / Key word(s): Personnel 
CEO Hermann J. Merkens will not return to office - search for a successor has reached an advanced stage 
2021-04-20 / 22:35 
The issuer is solely responsible for the content of this announcement. 
CEO Hermann J. Merkens will not return to office - search for a successor has reached an advanced stage 
Wiesbaden, 20 April 2021 - The Chairman of the Management Board of Aareal Bank AG, Hermann J. Merkens, today informed 
Marija Korsch, Chairman of the Supervisory Board, that contrary to initial expectations, he will not be able to resume 
work as member and Chairman of the Management Board for the foreseeable future from a medical perspective. In 
accordance with contractual agreements, Mr Merkens will therefore retire from the Management Board with effect from 30 
April 2021. The search for a successor - which was already expedited as a precautionary measure for this scenario - has 
reached an advanced stage. Management Board members Marc Hess and Thomas Ortmanns, who have been acting as deputies to 
Mr Merkens to date, will continue to perform Mr Merkens' duties until further notice. 
Marija Korsch, Chairman of the Supervisory Board, commented: "We very much regret that Hermann Merkens will not be able 
to resume his duties at Aareal Bank. He has made an enormous contribution to our Company: during the course of two 
decades of service on the Management Board, thanks to his immense commitment, his outstanding expertise, his 
level-headed approach and his strategic far-sightedness, he has played a decisive role in shaping what is Aareal Bank 
Group today, with activities going far beyond the pure banking business. That the Group is in such a good and robust 
shape, even in the midst of a global pandemic, is due in no small part to him. On behalf of the entire Supervisory 
Board, I want to express our sincere thanks to Mr Merkens. We wish him a swift and full recovery, and all the best for 
the future. At the same time, we are confident that we will be able to swiftly expedite the process for identifying a 
successor, which we have initiated a as a precautionary measure. During the course of this process, we have already 
conducted highly promising discussions over recent weeks. In the meantime, we are confident that management of the 
Company is in the best hands of the Management Board. We are convinced that Aareal Bank Group will continue along its 
successful path undeterred - even in turbulent times." 
As already communicated at the annual press conference on 24 February 2021, the Supervisory Board also concerns itself 
in parallel with the size and composition of the entire Management Board. This process - which is geared towards 
optimising and streamlining the Board's structure - will already yield results during the next weeks. 
Christian Feldbrügge 
Phone: +49 611 348-2280 
Anja Käfer-Rohrbach 
Phone: +49 611 348-2298 
About Aareal Bank Group 
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart 
financings, software products, and digital solutions for the property sector and related industries, and is present 
across three continents: Europe, North America and Asia/Pacific. Aareal Bank AG, whose shares are included in Deutsche 
Börse's SDAX index, is the Group's parent entity. It manages the various entities organised in the Group's business 
segments: Structured Property Financing, Banking & Digital Solutions, and Aareon. The Structured Property Financing 
segment encompasses all of Aareal Bank Group's property financing and funding activities. Here, the Bank supports its 
clients in making large-volume commercial property investments. The investment properties mostly comprise office 
buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the Banking 
& Digital Solutions segment, Aareal Bank Group supports businesses from the housing, property management and energy 
industries as a digitalisation partner - combining extensive advisory services and product solutions with traditional 
corporate banking services and deposit-taking. Subsidiary Aareon, a leading consultancy and IT systems house for the 
European property industry and its partners in the digital age, forms the third business segment. Aareon offers 
reliable, pioneering solutions in the fields of consulting, software and services to optimise IT-supported business 
processes, and to extend business models. The Aareon Smart World digital platform links businesses from the housing 
industry and related sectors with customers, staff and business partners, as well as connecting technical devices in 
apartments and buildings. 
2021-04-20 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      Aareal Bank AG 
              Paulinenstr. 15 
              65189 Wiesbaden 
Phone:        +49 (0)611 348 - 0 
Fax:          +49 (0)611 348 - 2332 
E-mail:       aareal@aareal-bank.com 
Internet:     www.aareal-bank.com 
ISIN:         DE0005408116 
WKN:          540811 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm 
EQS News ID:  1186898 
End of News   DGAP News Service 

1186898 2021-04-20

Image link: 

(END) Dow Jones Newswires

April 20, 2021 16:36 ET (20:36 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
AAREAL BANK AG 1.18% 20.52 Delayed Quote.3.63%
DJ INDUSTRIAL -0.24% 35058.52 Delayed Quote.14.56%
SDAX 0.27% 16339.09 Delayed Quote.10.36%
SDAX PERFORMANCE INDEX 9:00-20:00 -0.42% 16339.09 Delayed Quote.10.54%
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Sales 2021 825 M 974 M 974 M
Net income 2021 72,6 M 85,8 M 85,8 M
Net Debt 2021 - - -
P/E ratio 2021 16,3x
Yield 2021 5,22%
Capitalization 1 213 M 1 435 M 1 432 M
Capi. / Sales 2021 1,47x
Capi. / Sales 2022 1,38x
Nbr of Employees 3 010
Free-Float 100,0%
Duration : Period :
Aareal Bank AG Technical Analysis Chart | MarketScreener
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Technical analysis trends AAREAL BANK AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 20,26 €
Average target price 24,38 €
Spread / Average Target 20,3%
EPS Revisions
Managers and Directors
Marc Oliver He▀ CFO, Head-Treasury, Finance & Controlling
Marija G. Korsch Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Vice Chairman-Supervisory Board
Sylvia Seignette Independent Member-Supervisory Board
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