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2011-01-14 08:00:00 CET 2011-01-14 08:00:49 CET REGULATED INFORMATION Citycon Oyj - Changes board/management/auditorsMarcel Kokkeel Appointed Citycon's New CEOCITYCON OYJ Stock Exchange Release 14 January 2011 at 9:00 hrs Citycon Oyj's Board of Directors has appointed Marcel Kokkeel the company's new Chief Executive Officer, effective 24 March 2011. Kokkeel currently heads the Dutch Multi Corporation's West-Europe Division, and is the chairman of Multi Mall Management Europe. Prior to that, he was chairman of the board of Bouwfonds Property Finance and made an extensive career at Royal Ahold N.V. holding latest the position of CEO and President of Ahold Real Estate Europe. He is 52 years old (b. 1958) and holds a degree in law from University of Amsterdam, the Netherlands, which is his home country."This is the right time for us to accelerate the growth of Citycon", said Chaim Katzman, Chairman of the Citycon Board of Directors. "Marcel Kokkeel is widely known and respected throughout Europe for his deep commercial real estate experience and background. He has special expertise in the shopping centre sector, strong international background and leadership skills. His extensive industry experience and proven track record will help us with our plans to grow Citycon, and increase shareholder value.""I am most excited to become part of a team dedicated to strengthening Citycon's position as the market leader in Finland, and I'm looking forward to growing the company's position in the other Nordic and Baltic countries", said Kokkeel. "I was attracted to this opportunity because of Citycon's unique concept, its strong position, and its cutting edge approach to sustainability. The company has talented and dedicated professionals in place, and I am confident that together we can continue enhance and grow our shopping centre positions and commercial appeal." Petri Olkinuora will continue as the company's CEO until the Annual General Meeting on 23 March 2011. A press conference will be held today at Citycon's head office in Helsinki, Finland, at 10.00 a.m. EET (CET+1). The press conference and web cast details can be found at www.citycon.com. Helsinki, 14 January 2011 CITYCON OYJ Board of Directors For further information, please contact: Eero Sihvonen, Executive Vice President and CFO Tel +358 20 766 4459 or +358 50 557 9137 eero.sihvonen@citycon.fi Distribution: NASDAQ OMX Helsinki Major media www.citycon.com [HUG#1479644] |
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