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Orco Property Group: Cut in Number of Board Members
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Published: January 8, 2014; 18:06 ♦ (Vindobona)

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Shareholders of Luxembourger real estate company Orco Property Group voted to cut the number of board members from nine to five on Monday.

The vote to lower the number of board members has come out in favor for Czech investor Radovan Vitek, who holds a 30.7-percent stake in the real estate company. According to the company’s spokeswoman the new board will consist of Vitek and another representative of two companies he has a control in with shares of Orco. Moreover, founder and CEO Jean-Francois Ott, who holds a…
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