Wiesbaden, 12 December 2019 - At its meeting today, the Supervisory Board of Aareal Bank AG resolved to renew the appointment of Chief Financial Officer Marc Hess as a member of the Management Board of Aareal Bank AG early, until 31 December 2024. Mr Hess has been a member of the Management Board since 1 October 2018, and had initially been appointed for three years. In addition to his role as Chief Financial Officer, he is also responsible for Treasury.
Marija Korsch, the Chairman of Aareal Bank's Supervisory Board, explained: "Marc Hess has become acquainted with his tasks extraordinarily quickly, providing valuable impetus for Aareal Bank's further strategic and financial development already in the first year of his term of office. Especially against the backdrop of the challenges lying ahead, such as the demanding market and competitive environment, it is of utmost importance for Aareal Bank to attract qualified leaders and to retain them for the long term, thus assuring continuity in our strong Management Board team."