Alle Storys
Folgen
Keine Story von Fortune Management Inc. mehr verpassen.

Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Board of Directors (Appointments and Changes)
Change in the Board of Directors of Fortune Management Inc.

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
C.E.O. Interviews
04.03.2008
Zug/Switzerland, March 4 2008 - FORTUNE Management Inc. (General 
Standard, ISIN USU026281027; SIN: A0BLYY) informs that effectively 
immediately Sanford G. Henry has resigned from the board of directors
for personal reasons.
This vacancy in the board of directors will be filled by Hermann 
Seiler. In 2005, Mr. Seiler joined FORTUNE Management Inc. (FMI) as 
Managing Director and Chief Operating Officer of the Private Equity 
Group. He also became a major shareholder of FMI as a result of the 
acquisition of a private equity company controlled by Mr. Seiler and 
our Chairman, Paul Bagley. In November of 2005 Mr. Seiler assumed 
responsibility for the development of FMI´s initiatives in the U.A.E.
and was responsible for the structuring and the establishment of one 
of the first private equity organizations under UAE law, now known as
Fortune Super Equity Management L.L.C. (FSEM). Initially he was 
seconded to FSEM, but he now serves full time in the capacity as 
Managing Director Investments and Chief Acquisition Officer. Mr. 
Seiler is a member of FSEM´s Management Board as well as Investment 
Committee.
Prior to that Mr. Seiler was a long time executive of Deutsche Bank, 
serving in different capacities in Frankfurt, New York and London in 
the investment-banking division. He was a founding member of Deutsche
Bank´s project finance business and was instrumental in arranging 
over US$1 billion in project financing and responsible for 
structuring Deutsche Bank´s first ever oil and gas project finance 
transaction. During his tenure with Deutsche Bank he served on 
various boards, including the Supervisory Board Technology Committee 
of Deutsche Börse, the Board for GZS, the German industry wide Credit
Card processor (Deputy Chairman), and the Board of Pago (Chairman), 
the largest Internet Payment Processor in Europe. He was instrumental
in the launch of Deutsche Terminbörse as well as Deutsche Börse´s 
electronic exchange XETRA.
Mr. Seiler has a summa cum laude degree in Mathematics and Quantum 
Mechanics from the TH Darmstadt. He lives in Dubai.
(End of ad hoc release)
Paul Bagley, Chairman of FORTUNE, comments: "Mr. Seiler brings a 
wealth of experience to the Board of FMI, and as a significant 
shareholder, he will be a strong representative for the company´s 
shareholders. He will also solidify our very important relationship 
with FSEM."
Profile of FORTUNE Management Inc.: FORTUNE Management Inc., 
Zug/Switzerland, is a publicly listed private equity firm. Its two 
business divisions are Private Equity Management and Principal 
Investments. Private Equity Management achieves consistent revenues 
from the management of specialized funds, whereas Principal 
Investments comprises direct investments (e.g. in bio-diesel 
manufacturer GATE or in the Swiss asset managers FORTUNE Wealth 
Management Group AG) with a view to capital gains. FORTUNE Management
Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Rotterdam, 
Würzburg, Vienna and the Bahamas, as well as a branch in Dubai. The 
company´s shares (ISIN: USU 026281027) are listed in the General 
Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on 
the DIFX in Dubai.
end of announcement                               euro adhoc

Contact:

FORTUNE Management Inc.
Thomas Luber
Phone +49 69 9441 8069
IR@fortune-management.com
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard

Weitere Storys: Fortune Management Inc.
Weitere Storys: Fortune Management Inc.