Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board
DGAP-News: Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A. attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel
06.02.2018 / 20:35
The issuer is solely responsible for the content of this announcement.
CORESTATE Capital Holding S.A. attracts Dr Michael Bütter as new Chief Executive Officer (CEO) and Spokesman of the Executive Board
As of 1 May 2018 Dr Michael Bütter will become successor to the incumbent Chief Executive Officer Sascha M. Wilhelm, who will leave the Company as of 30 April 2018 in best mutual consent. Sascha M. Wilhelm: “It is a good and appropriate time to hand over a successful Company into new hands. I know and appreciate Michael Bütter and will support him to the best of my ability.” Dr Bütter will hold a prominent management function as CEO within the Executive Board and in particular be in charge of CORESTATE Group’s strategy, international expansion, M&A activities including strategic investments, management of real estate investors as well as client relations.
Dr Michael Bütter has more than 18 years of experience in the real estate and private equity industry. He advises CORESTATE as a Member of the Senior Advisory Circle since 2016. The 47-year old is currently a Member of the Extended Management Board as well as Group General Counsel and SVP HR & Communication of the S-DAX of the Frankfurt Stock Exchange listed Scout24 AG and Managing Director of Immobilien Scout GmbH. Before, he was responsible – as a member of the Management Board (Chief Investment Officer and Chief Legal Officer) of Ferrostaal Group – for the successful exit of the private equity investor. In his function as long-standing member of the Executive Board of Deutsche Annington Immobilien SE (Vonovia SE) as well as its Group General Counsel he lead, amongst others, the 6 billion euro CMBS refinancing and the complex IPO of the later DAX company to success. Dr Michael Bütter serves currently as a member of the supervisory boards of ASSMANN BERATEN+PLANEN AG (Deputy Chairman), ADO Properties S.A. (Head of Audit Committee) as well as TLG Immobilien AG (Deputy Chairman) and is a Member of the German Management Board of RICS. He studied law and economics in Hamburg and Oxford and is a doctor of law.
Micha Blattmann, Chairman of CORESTATE’s Supervisory Board: “We are convinced that Dr Michael Bütter has the management skills and experience to develop CORESTATE Group into an internationally successful investment house in a stable and consistent manner. The diversification of our product range and the ongoing digitalization combined with a balanced consolidation strategy are the primary value drivers of our strategy. We would like to thank Sascha Wilhelm very much for his continued commitment over the past years, with which he has successfully helped to develop CORESTATE into a leading investment manager and co-investor in the real estate sector with excellent prospects.”
Dr Michael Bütter comments his new role: “I am fully dedicated to add value and to expand CORESTATE’s product and international investor base and increase the Company’s value. CORESTATE is extremely well-positioned to further drive the consolidation process within our industry. Jointly with my colleagues on the Executive Board I would like to make CORESTATE the leading real estate investment manager.”
Dr. Kai Gregor Klinger
T: +49 69 3535630-107 / M: +49 152 22755400
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR 22bn in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 530 people and is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.
This press release may contain 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 situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.