PSP Swiss Property announces change in the Executive Board

Press release

15 October 2019

PSP Swiss Property announces change in the Executive Board

Mr. Reto Grunder, currently Head Acquisition & Sales of PSP Swiss Property, will succeed Mr. Adrian Murer as Chief Investment Officer (CIO) und member of the Executive Board of PSP Swiss Property as of 1 January 2020.

PSP Swiss Property has taken note that Mr. Adrian Murer intends to leave the Company. He will, by mutual understanding, quit the Executive Board of PSP Swiss Property by end of 2019 and leave the Company by end of March 2020 at the latest. Adrian Murer will in spring 2020 take up the position of Group CEO of Swiss Finance & Property Group AG.

Mr. Reto Grunder, born 1974, has been appointed by the Board of Directors as new CIO and member of the Executive Board as of 1 January 2020. Reto Grunder graduated in 2001 from the Faculty of Law of the University of Bern with a licentiate degree (lic.iur.) and was admitted in 2004 as attorney-at-law in the Canton of Bern. Subsequently, Reto Grunder practiced several years as lawyer. He joined PSP Swiss Property in 2008 as Legal Counsel and, as from 2016, he held the position of Asset Manager. Since this year, Reto Grunder is Head of Acquisition & Sales.

The appointment of Reto Grunder ensures the continuity within the Executive Board of the Company. The Board of Directors already today wishes Reto Grunder every success in his new function and thanks Adrian Murer for his valuable contribution and wishes him all the best for his future.

Further information

Giacomo Balzarini, CEO · Phone [phone] · Mobile [phone]

Vasco Cecchini, CCO · Phone [phone] · Mobile [phone]

Agenda

Publication Q1-Q3 2019 · 12 November 2019

Publication FY 2019 · 25 February 2020

Annual General Meeting 2020 · 9 April 2020

Publication Q1 2020 · 5 May 2020

PSP Swiss Property - leading Swiss real estate company

PSP Swiss Property owns a real estate portfolio of CHF 7.8 billion in Switzerland's main economic areas; its market capitalisation amounts to CHF 5.9 billion. The 90 employees are based in Geneva, Olten, Zug and Zurich.

Since March 2000, PSP Swiss Property is listed on the SIX Swiss Exchange (symbol: PSPN, security number: 1829415, ISIN CH0018294154).

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None of the information in this press release constitutes an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. None of the securities of the Company referred to in this press release have been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States.

Press release (PDF)

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