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CENTRAL EUROPE Ettenauer steps down as S Immo CEO after CPI takeover

Human resources
Austrian real estate investor S Immo, following the successful completion of the mandatory takeover offer by Prague-based CPI Property Group, has by mutual consent terminated the contract of S Immo’s CEO, Bruno Ettenauer.

My time at S Immo was certainly characterised by many challenges, but above all by the great cooperation with all my colleagues and many enriching experiences. Our relationship with CPI’s management has always been one of mutual respect, while at the same time there have sometimes been some very different ideas regarding the future direction of the company. In this respect, it is a good time for me personally to leave S Immo in the knowledge that I have fulfilled my responsibility to our shareholders and in the confidence that CPI will respect the remaining shareholders, our excellent team and its high-quality portfolio.
Bruno Ettenauer, the former CEO of S Immo

Bruno Ettenauer took up his position as chairman of the management board of S Immo in March 2021. His duties will now be taken on by Herwig Teufelsdorfer, a member of the management board and CIO of the company.

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Edition 6 (289) June 2024

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