The shareholders of Signa Prime and Signa Development must approve the planned trust restructuring and reappoint the two supervisory bodies. Wolfgang Hesoun, Michael Mitterdorfer and Sebastian Schäfer are suggested as AR.
When it comes to Signa Prime and Signa Development, hardly any stone will be left unturned. Extraordinary general meetings will be held in both bankrupt companies on Monday. The shareholders must approve the trust restructuring of Signa Prime and Signa Development, reappoint the supervisory boards and give the general okay for the exploitation of the properties.
The reorganization of the two supervisory bodies is eagerly awaited. Alfred Gusenbauer, the outgoing chairman of the Signa Development supervisory board, recommends to the general meeting to expand the supervisory board from five to six members and at the same time to elect five new supervisory board members. The former Siemens Austria boss and vice president of the Chamber of Commerce are proposed Wolfgang Hesounthe real estate experts Christoph Schäffer and Michael Mitterdorfer. Mitterdorfer was responsible for real estate at the Karl Wlaschek Private Foundation from 1996 to 2019. Then there are the entrepreneurs Karin Exner-Wöhrer (Salzburger Aluminum AG) and the business economist and tax consultant Claudia Badstammer.
The substitution
Badrausch worked as a manager at real estate developer Conwert from 2003 to the end of 2010, then moved to Semper Constantia Privatbank led by renovator Erhard Grossnigg, which was taken over by Liechtensteiner Landesbank at the end of 2017. In September 2019, she joined the group of Signa restructuring executive Grossnigg (Austro Holding), where she works in the management of several companies.
While Signa Holding Board Christoph Stadlhuber The German manager is to be replaced as the supervisory board of both Signa Prime and Signa Development “with immediate effect”. Jürgen-Johann Rupp continue to sit on both supervisory boards. Rupp is CFO of the German RAG Foundation, which is invested in both Signa companies.
More overseers
Six new supervisors are to be appointed to the eight-member Signa Prime supervisory board. Michael Mitterdorfer and Karin Exner-Wöhrer are also expected to move in here Sebastian Schäfer should join the committee.
A side detail: The trio is suggested by Christoph Staph, restructuring manager at Signa Holding. Signa Holding is the largest individual shareholder in Signa Prime with almost 20 percent.
From 2003 to 2023, Schäfer, a lawyer, worked at the Credit Suisse Group in Zurich, London and Frankfurt, among other things, as a restructuring specialist. Since January 2024 he has been working for Kühne Holding AG under the logistics billionaire Hans-Michael Kühne, who is a major shareholder in Signa Prime. With the Viennese lawyer Kurt Berger A confidant of Grossnigg’s is to join the Signa Prime supervisory board. As retaining Collin Schmitz-Valckenberg and Christian Bertschinger. Schmitz-Valckenberg was a manager at the car accessories chain Forstinger 20 years ago when Grossnigg restructured the company. Today the German is the head of the venture capitalist Blue Colibri in Luxembourg and a board member of a venture capital fund based on the Channel island of Guernsey. And the Swiss Bertschinger worked for well-known insurance companies from 1987 to 2003. Today he is the owner of the management consultancy Bertschinger Corporate Finance GmbH.
Lamarr-Rohbau
Meanwhile, there is said to be keen interest in purchasing the shell of the planned Signa luxury department store Lamarr on Vienna’s Mariahilfer Straße. There is talk of 30 bidders. In the insolvency proceedings of its founding company, claims worth 340 million euros were filed, but so far only 174 million euros have been recognized.