Citycon’s Executive Vice President, Finnish Operations, Leaves

 Citycon’s Executive Vice President, Finnish Operations, and member of the Corporate Management Committee Michael Schönach leaves his position in the company starting 15 May 2012.

 

 Marcel Kokkeel, Chief Executive Officer of Citycon says: “Citycon ends Mr Michael Schönach’s agreement with the company. The reason behind this difficult decision is differences in business views and implementation. I have a high level of respect for Michael and would like to thank him and wish him all the best in the future. Immediate actions have been taken to find his successor outside the company.”

 

 Helsinki, 15 May 2012

 

 CITYCON OYJ

 Marcel Kokkeel

 CEO

 

 For further information, please contact:

 Marcel Kokkeel, CEO

 Tel +358 20 766 4521 or +358 40 154 6760

 marcel.kokkeel@citycon.fi

 

 Distribution:

 NASDAQ OMX Helsinki

 Major media

 www.citycon.com