EQS-News: ProCredit Holding AG & Co. KGaA
/ Key word(s): Personnel/Personnel
Hubert Spechtenhauser appointed Chair of the Management Board of ProCredit General Partner AG
Frankfurt am Main, 9 November 2022 – The Supervisory Board of ProCredit General Partner AG, the sole managing entity of ProCredit Holding AG & Co. KGaA, has resolved today to appoint a Chair of the Management Board for the first time. The Management Board welcomes this decision.
Hubert Spechtenhauser joined the ProCredit group as a Senior Manager in November 2021 and has been a member of the Management Board of ProCredit General Partner AG since March 2022. He holds many years of professional experience with management responsibility gained in several international banking groups.
“After careful consideration, the Supervisory Board of the General Partner has come to the conclusion that it is appropriate for a member of the Management Board to assume a coordinating role as its Chair and to assume responsibility for a uniform external image. This change, along with the proposed change in legal form, will help to establish structures that are already well-established and prevalent in the financial market.” said Rainer Ottenstein, Chair of the Supervisory Board of ProCredit General Partner AG: “On behalf of the entire Supervisory Board, I am happy to announce that we are very pleased with the appointment of Hubert Spechtenhauser as Chair of the Management Board and wish him continued success and all the best in his new position.”
As Chairperson of the Management Board, Hubert Spechtenhauser is responsible for Corporate Office, Group Communications, Legal as well as Group and PCH Internal Audit of ProCredit Holding AG & Co. KGaA.
Prior to joining the ProCredit group, Hubert Spechtenhauser’s professional career included management positions within the UniCredit Group, the Landesbank Hessen-Thüringen (Helaba) Group and the Commerzbank Group. He possesses extensive expertise in risk management, finance, group development and corporate governance, as well as in asset management, leasing and investment financing.
“I would like to express my sincere thanks for the appointment and for the trust placed in me by the Supervisory Board and my colleagues on the Management Board. The ProCredit group is very special owing to its strong focus on development. We intend to continue to build on this in the future and further consolidate our unique positioning in the countries in which we operate as a development-oriented, highly digitalised bank for SMEs,” added Hubert Spechtenhauser, Chair of the Management Board of ProCredit General Partner AG.
His appointment as Chair of the Management Board was resolved with immediate effect at today’s Supervisory Board meeting on 9 November 2022.
Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.: +49 69 951 437 138,
About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW Development Bank and IFC (part of the World Bank Group). As the group’s superordinated company according to the German Banking Act, ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For additional information, visit: www.procredit-holding.com.
09.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
|Company:||ProCredit Holding AG & Co. KGaA|
|60486 Frankfurt am Main|
|ISIN:||DE0006223407, DE000A289FD2, DE000A3E5LD7, DE000A0N37P3, DE000A161YW4, DE000A3MP7Z1, DE000A289E87, DE000A3E47A7, DE000A2YN7F2, DE000A2YN017|
|Indices:||im Freiverkehr der Frankfurter Wertpapierbörse|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1483635|
|End of News||EQS News Service|
1483635 09.11.2022 CET/CEST