Martin Löcker resigns from the Management Board of UBM Development AG

Martin Löcker, Member of the Management Board and COO of UBM Development AG, has informed the Supervisory Board that he is resigning from the Management Board prematurely, effective as of 30 June 2023.

He is stepping down on the most amicable terms with the Supervisory Board, his colleagues on the Management Board and the core shareholders. Martin Löcker explains: “After 14 unbelievably enthralling years in the role of Executive Director of Development and Technology at UBM, I will be writing a new chapter of my professional career and look forward to tackling new challenges. I am proud and grateful for what we have instigated and achieved together at UBM over the past 14 years. I have put my heart and soul into the company.”

Chairman of the Supervisory Board, Karl Heinz Strauss, expresses his thanks on behalf of the Supervisory Board and the company: “We thank Martin for his commitment and accomplishments in the positioning of UBM where it stands today. We regret his decision, but wish him all the very best for the future.”

Martin Löcker’s responsibilities will be handled on an interim basis by a team of several directors. The Management Board of UBM Development AG will therefore have 3 members as of 1 July 2023: Thomas G. Winkler, Chairman of the Board and CEO, Patric Thate as CFO and Martina Maly-Gärtner, COO.

UBM Development is one of the leading developers of timber construction projects in Europe. The strategic focus is on green building and smart office in major cities such as Vienna, Munich, Frankfurt or Prague. The company’s platinum rating from EcoVadis and prime status from ISS ESG confirm its consistent focus on sustainability. With 150 years of experience, UBM offers all development services from a single source, from planning to commercialization. The company’s shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.

For further inquiries, please contact:

Christoph Rainer                                                                               
Head of Investor Relations & ESG                                                 
UBM Development AG                                                                    
Mob.: + 43 664 80 1873 200                                                           

Karl Abentheuer
Head of Corporate Communications
UBM Development AG
Mobile: + 43 664 801873184