Luxembourg, 8 March 2022 – The Supervisory Board and the Management Board of CORESTATE Capital Holding S.A. have resolved to make the following changes to the Management Board and the Supervisory Board of CORESTATE Capital Holding S.A. at their meetings today: Mr. Stavros Efremidis, previously Chairman of the Supervisory Board of CORESTATE Capital Holding S.A., will join the Management Board of CORESTATE Capital Holding S.A. as Chief Executive Officer (CEO) with immediate effect. In addition, Ms. Izabela Danner is appointed as Chief Operating Officer (COO) from the company’s own ranks and Mr. Ralf Struckmeyer is appointed as Chief Investment Officer (CIO) to the Management Board of CORESTATE Capital Holding S.A. Mr. Rene Parmantier, previously Chief Executive Officer (SEO) of CORESTATE Capital Holding S.A., will focuse on the management of the real estate financing business as Chief Executive Officer (CEO) and Managing Director of CORESTATE Bank GmbH and as a member of the Management Board of HFS Helvetic Financial Services AG, and in this regard he is leaving the Management Board of CORESTATE Capital Holding S.A.
The new Management Board team, together with the Chief Financial Officer (CFO), Mr. Udo Giegerich, now consists of four members. The vacancy at the level of the Supervisory Board of CORESTATE Capital Holding S.A. resulting from the transfer of Mr. Efremidis to the Management Board is filled with immediate effect by the appointment of Dr. Roland Folz as a new member of the Supervisory Board. Dr. Bertrand Malmendier, the former Deputy Chairman of the Supervisory Board, takes over the chair of the Supervisory Board of CORESTATE Capital Holding S.A.
About CORESTATE Capital Holding S.A. (CORESTATE)
CORESTATE is an investment manager and co-investor with around € 27 billion in assets under management (as of 31 Dec 2021). The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 850 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London. Please visit www.corestate-capital.com for further information.
Forward-looking statements
This press release may contain certain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial position, development or performance of the Company and the estimates given here. These factors include those described in published reports. These reports are available on our website www.corestate-capital.com. The Company assumes no obligation whatsoever to update these forward-looking statements or to conform them to future events or developments. No inappropriate significance should be attached to forward-looking statements, which apply only to the date of this communication.
