• Thu. Apr 25th, 2024

Signa Rebuilds its Supervisory Board: Shareholders to Vote on Trust Restructuring and New Members

BySamantha Nguyen

Apr 4, 2024
Candidates for the new Signa supervisory boards: Meet the contenders

The shareholders of Signa Prime and Signa Development have been called upon to approve the planned trust restructuring and to reappoint the two supervisory boards. Extraordinary general meetings will be held in both companies to address these important matters.

The reorganization of the two supervisory boards is eagerly anticipated, with former Austrian Vice-Chancellor Alfred Gusenbauer recommending an expansion of the supervisory board and the election of new members. Proposed candidates include Wolfgang Hesoun, real estate experts Christoph Schäffer and Michael Mitterdorfer, as well as entrepreneurs Karin Exner-Wöhrer and Claudia Badstammer.

Christoph Stadlhuber will be replaced as the supervisory board chairman for both Signa Prime and Signa Development with immediate effect. Six new supervisors are expected to join the Signa Prime board, including Sebastian Schäfer. Signa Holding is the largest individual shareholder in Signa Prime.

There is keen interest in purchasing the shell of the planned Signa luxury department store Lamarr on Vienna’s Mariahilfer Straße, with 30 bidders reportedly interested. In insolvency proceedings, claims worth 340 million euros were filed, but only 174 million euros have been recognized so far.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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