Supervisory Board Shakeup at Signa: Entrepreneur Karin Exner-Wöhrer Steps Down

A recent shakeup has occurred on the Signa supervisory board, with new members being elected just five days ago. However, there have already been changes as entrepreneur Karin Exner-Wöhrer has stepped down from her position on Prime’s supervisory board. She informed the heads of the supervisory board and restructuring administrators of Prime and Development about her decision to resign. Exner-Wöhrer will officially step down from her position four weeks after notifying the companies of her decision.

According to reports, Exner-Wöhrer’s departure may be due to various agreements not being honored and uncertainties regarding supervisory board remuneration. The Signa Prime supervisory board was recently reduced from eight to five members, with Michael Mitterdorfer, Karin Exner-Wöhrer, and Sebastian Schäfer being chosen to join. Schäfer has a background in law and restructuring, having previously worked at Credit Suisse Group and currently at Kühne Holding AG.

The remaining members of the supervisory board include Michael Siefert from Madison International Realty and Jürgen-Johann Rupp of German RAG. With Exner-Wöhrer’s departure, the board will now consist of four members. The reasons behind Exner-Wöhrer’s resignation have not been publicly disclosed, as both Prime and Exner-Wöhrer have remained quiet on the matter.

In conclusion, the Signa supervisory board underwent some changes recently with new members being elected just five days ago. However, there have already been changes as entrepreneur Karin Exner-Wöhrer has stepped down from her position on Prime’s supervisory board. The reasons behind her resignation are still unknown but it is clear that she informed the heads of the supervisory board and restructuring administrators about her decision to resign four weeks after notifying the companies of her decision.