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Conwert shareholders reject Proschofsky for board
May 7, 2014 / 1:26 PM / in 4 years

Conwert shareholders reject Proschofsky for board

VIENNA, May 7 (Reuters) - Rebel investor Alexander Proschofsky failed in a bid to join the administrative board of Austrian property firm Conwert on Wednesday.

In a close election that went to a second vote, Proschofsky won fewer shareholder votes than the company’s preferred candidate, venture capitalist Martina Postl, Conwert said.

Shareholders also rejected Proschofsky’s candidate for a second vacant post on the board, Berlin property consultant Peter Hohlbein, in favour of company candidate Alexander Schoeller, an insolvency lawyer. (Reporting by Georgina Prodhan; editing by Keiron Henderson)

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