Deutsche Wohnen Appoints New Co-Chief Executives
03 Januar 2022 - 08:18AM
Dow Jones News
By Ed Frankl
Deutsche Wohnen SE said Sunday it has appointed new co-chief
executives and a new head of its supervisory board, as it
consolidates its takeover by Vonovia SE.
The German real-estate company said it appointed Konstantina
Kanellopoulos and Lars Urbansky as co-CEOs, effective Jan. 1.
Philip Grosse will remain as chief financial officer until March
31, when Olaf Weber will take over, Deutsche Wohnen said. Mr.
Grosse was previously appointed Vonovia's CFO as of Jan. 1.
Ms. Kanellopoulos and Mr. Weber move from Vonovia, while Mr.
Urbansky was previously chief operating officer at Deutsche
Wohnen.
"The company has established an excellent position in important
markets, which we will build on in the coming years," Ms.
Kanellopoulos said.
The Berlin-based company said it elected Helene von Roeder as
chairwoman of its supervisory board, alongside promoting Florian
Stetter to deputy chairman.
Deutsche Wohnen's previous CEO Michael Zahn, who led the company
since 2008, said in December he would leave at the end of 2021
after deciding not to accept appointment to Vonovia's management
board.
Vonovia holds a stake of around 87% in Deutsche Wohnen, the
latter company said, after a successful EUR53 a share takeover of
its former rival in the autumn. The result is one of Europe's
largest residential real-estate groups.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
January 03, 2022 02:03 ET (07:03 GMT)
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