As part of the company’s dynamic growth strategy, reorganisation of the Management Board is now complete following the departure of Reinhard Kutscher.
Michael Bütter will become Chairman of the Management Board (CEO) of Union Investment Real Estate GmbH and head of the Real Estate segment with effect from 1 October 2020, subject to approval by BaFin. A fully qualified lawyer and business economist, he is taking over the role from Jörn Stobbe, who will remain part of the Management Board as head of Asset Management.
The five-strong leadership team also includes longstanding Management Board members Volker Noack and Martin J. Brühl FRICS and, since 1 July 2020, Dr. Christoph Holzmann MRICS as new COO.
“We are delighted that Michael Bütter is joining us, with his international expertise and versatile leadership skills. He is held in high regard within and beyond the real estate and digital sectors. Michael Bütter will help us to successfully drive growth and innovation across our business,” said Jens Wilhelm, Chairman of the Supervisory Board.