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Annual Report 2010 - Muenchener Hypothekenbank eG

münchener hypothekenbank eg | annUaL report 2010 report of the sUpervisory board Mr. hans Pfeifer, Chairman of the Board of Management of the Rheinisch-Westfälischer genossenschaftsverband e.v. and Mr. hans-Joachim Tonnellier, Chairman of the Board of Management of the frankfurter volksbank eg, were re-elected as members of the Supervisory Board for additional terms of office. The Supervisory Board elected one of their members as new Chairman: Mr. Konrad irtel, Spokesman of the Board of Man- agement of the vR Bank Rosenheim-Chiemsee eg. Moreover, the following changes took place in the Board of Man- agement of Münchenerhyp: The Supervisory Board appointed dr. Louis hagen as Spokesman of the Board of Management upon the retirement of Mr. Rödel as Chairman of the Board of Management. Effective January 1, 2011, the Supervisory Board appointed Mr. Michael Jung as member of the Board of Man- agement. Prior to his appointment Mr. Jung served as deputy Chairman of the Board of Management of the volksbank Bruchsal-Bretten eg. upon his appointment to the Board of Management Mr. Jung laid down his mandate as a member of the Supervisory Board of Münchenerhyp. Mr. Klaus Sturm stepped down from the Board of Management at the end of 2010 to retire from active business life. Mr. Sturm has earned our thanks and recognition for his great dedication and suc- cess in the capital markets on behalf of Münchenerhyp. The Supervisory Board extends their thanks to the Board of Management all of the Bank’s employees for their efforts on behalf of the Bank and their personal dedication. forward-looking decisions were made in 2010 which permit us to anticipate the future success of the Münchenerhyp and our stable development in the market. Munich, April 2011 MÜNChENER hYPoThEKENBANK eg Konrad irtel Chairman of the Supervisory Board