Vonovia Taps Deutsche Wohnen's Philip Grosse as CFO
13 Dezember 2021 - 11:09AM
Dow Jones News
By Joshua Kirby
Vonovia has appointed a new chief financial officer, with Philip
Grosse of recently-acquired peer Deutsche Wohnen SE replacing
Helene von Roeder, effective from Jan. 1.
Ms. von Roeder will become head of a new innovation and
digitalization division, the German real-estate company said
Monday. The company's management board as such has been expanded to
five from four members previously, a move that forms part of the
combination agreement concluded earlier this year with Deutsche
Wohnen.
Mr. Grosse was CFO at Deutsche Wohnen, which he joined in 2016;
he previously worked in investment banking, including with Swiss
lender Credit Suisse, Vonovia said. Deutsche Wohnen Chief Executive
Michael Zahn has meanwhile decided not to accept an offer to become
vice-chair of Vonovia's supervisory board, the company said.
Vonovia's takeover bid for its peer was successful on its third
attempt at an offer of EUR53 a share, resulting in a combination
that forms Europe's largest residential real-estate group.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
December 13, 2021 04:54 ET (09:54 GMT)
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