Union Investment Real Estate has appointed Jörn Stobbe as chief executive officer, effective 1 January 2020. He replaces Reinhard Kutscher, who retires at the end of 2019 at the age of 65.
Stobbe has been a member of the Executive Board and chief operating officer of Union Investment since February 2017. He will take over the management of the real estate segment within the Union Investment Group from Kutscher, which includes Union Investment Real Estate GmbH and Union Investment Institutional Property GmbH in Hamburg as well as Union Investment Real Estate Austria AG in Vienna.
The vacant position of the COO should be filled in due course.