Hypo Real Estate announced the resignation on Friday of Kurt Viermetz as chairman of the property lender's supervisory board. The move came at the end of a week in which Axel Wieandt was named as the new CEO to replace Georg Funke who stepped down following the agreement on a EUR 50 bn public-private bail-out to keep Hypo Real Estate afloat. Kai Wilhelm Franzmeyer was named as a board member and the firm's new treasurer.
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