ProCredit Holding AG & Co. KGaA: Change in the composition of the Management Board at year-end

The Supervisory Board of ProCredit Holding AG & Co. KGaA (ProCredit Holding) and Ms Sandrine Massiani have agreed that Ms Massiani’s Management Board contract will end on 31 December 2023.

Ms Massiani is currently a member of the Management Board of ProCredit General Partner AG, the general partner of ProCredit Holding, and is responsible for Human Resources and Fraud Prevention/Compliance/AML. Ms Massiani will depart from the Management Board by mutual agreement at the end of 2023.

The Supervisory Board thanks Ms Massiani for more than six years of work in the Management Board of the general partner and in the management of ProCredit Holding, and for 16 years of service to the ProCredit group.

Rainer Ottenstein, Chair of the Supervisory Board of ProCredit Holding, comments: “Sandrine Massiani has made a very significant contribution to the development and expansion of the group with her expertise and commitment over a number of years. On behalf of the entire Supervisory Board, I would like to thank Sandrine Massiani already now for her many years of successful performance and her tireless commitment to the ProCredit group. I look forward to continuing our work together until year-end and then wish her all the best, both professionally and personally, for her future endeavours.”

It is currently planned to distribute Ms Sandrine Massiani’s duties within the existing Management Board team.

Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.: +49 69 951 437 138,

About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The core shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), KfW, the Dutch DOEN Participaties BV and the European Bank for Reconstruction and Development. As the group’s superordinated company according to the German Banking Act and as the parent financial holding company of the ProCredit financial holding group, ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For additional information, visit: