on ADO Properties S.A. (isin : LU1250154413)
Karl Reinitzhuber Appointed as New CEO of Adler Group
Karl Reinitzhuber is set to become the new CEO of Adler Group on December 1, 2024. He will take over from Thierry Beaudemoulin, who has decided to step down at the end of the month. Beaudemoulin, known for stabilizing the company, will continue as a senior advisor. Reinitzhuber, an expert in the real estate industry, is expected to realign Adler Group and leverage untapped potential.
Jan Duken has been named the new COO, while Thorsten Arsan continues as CFO. The reshuffling includes appointing restructuring expert Paul Copley to the Board. The new management team aims to enhance portfolio efficiency and explore refinancing opportunities.
Chairman Stefan Brendgen expressed gratitude to Beaudemoulin for his contributions, highlighting the strong foundation he established. He emphasized that the new leadership and board changes are part of Adler Group's strategic direction for growth and stability in the real estate market.
R. E.
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