The Management Board and Supervisory Board of Accentro Real Estate AG announced that Dr. Gordon Geiser will step down from his role as Chief Investment Officer at the end of the year by mutual agreement. This decision follows the successful implementation of the company's financial restructuring. The boards expressed gratitude for Dr. Geiser's work, particularly his efforts in implementing the StaRUG procedure, which has positioned the company on healthier financial footing.
In conjunction with this transition, the Supervisory Board appointed Stefan Hammen as a full member of the Management Board effective immediately for a three-year term, naming him Chief Financial Officer. Hammen brings extensive industry-specific expertise in finance, accounting, reporting, and asset management to the role. He will work alongside CEO Jorg NeuB to support Accentro Real Estate AG during the further operational restructuring phase and to advance the company's strategic realignment.
Dr. Nedim Cen, Chairman of the Supervisory Board, stated that the company is delighted to have gained a proven financial expert in the real estate sector for its Management Board. Paul Sisak, Deputy Chairman of the Supervisory Board and a member of the former Ad Hoc Group of bondholders, echoed the sentiment of appreciation for Dr. Geiser's dedicated work over recent years.
This leadership change marks a significant moment for Accentro as it moves from a period of financial stabilization into a new phase focused on operational execution and strategic growth. The appointment of an experienced CFO like Hammen is critical for managing the complexities of the real estate market, overseeing financial reporting, and guiding asset management strategies. For investors and stakeholders, a stable and expert management team is essential for navigating the challenges in the German residential real estate sector and capitalizing on opportunities in privatisation and portfolio sales.
Accentro Real Estate AG is a residential investor and market leader in residential privatisation in Germany, with a focus on Berlin, major cities in central Germany, and the Rhine-Ruhr metropolitan region. The company's shares are listed in the General Standard segment of the Frankfurt Stock Exchange. Further information about the company is available at https://www.accentro.de.
