Allgemeine HypothekenBank Rheinboden AG. Bockenheimer Landstraße 25 . D-60325 Frankfurt / Main .
Tel.: (0 69) 71 79-0 . Fax: (0 69) 71 79-100 . www.ahbr.de . email@example.com
Dr Karsten von Köller is new Chairman of the Management
Board at Allgemeine HypothekenBank Rheinboden AG
Frankfurt am Main, 20 December 2005. In its first meeting since the sale of
Allgemeine HypothekenBank Rheinboden AG (AHBR) to Lone Star, AHBR’s
led by newly-elected Chairman, Norbert Massfeller,
appointed Dr Karsten von Köller as new Chairman of the Management Board of
AHBR with immediate effect.
For just under two years, Dr von Köller has been responsible for the German
activities of US investment group Lone Star, which on 8 December signed an
agreement to buy 99.9% of AHBR’s shares. From 1984 to 2003 Dr von Köller
was Chairman of Commerzbank subsidiary Rheinische Hypothekenbank AG,
before joining the management board of Eurohypo AG. In addition, from 1987 to
2003 he was President of the Association of German Mortgage Banks.
At the Supervisory Board meeting, Dr Matthias Danne, who had been appointed
by the Supervisory Board to the Management Board as from 8 August 2005,
stepped down from both the Supervisory and Management Boards. Dr Danne
was appointed Chairman of the Supervisory Board in July 2005 as part of the
process of selling AHBR. His Supervisory Board mandate was suspended with
his appointment in August as Joint Spokesman of the Management Board to
assist with the sale. Dr Danne remains on the Management Board of BHW
Holding AG, which, until its sale to Postbank on 25 October 2005, controlled
AHBR’s business activities.
Dr Dirk Hoffmann, the other Spokesman of the Management Board, and Michael
Müller, Member of the Management Board, have also left their positions. Arnd
Stricker remains on the Management Board of AHBR.
AHBR’s Supervisory Board praised the work of the previous Management Board
towards restructuring and overhauling the Bank. The Super