German real estate services provider Bilfinger has named Axel Salzmann as interim CEO following the resignation of Per Utnegaard.
Utnegaard, 56 (pictured), is stepping down as chairman and executive board member on April 30 for personal reasons, the company announced.
The supervisory board said it was holding talks with potential successors with the aim of appointing a new chairman of the executive board shortly.
Salzmann, 57, will take on the role of CEO on an interim basis in addition to his duties as chief financial officer.
Eckhard Cordes, chairman of the supervisory board, said: 'Per Utnegaard led the group in a challenging phase. Together with the executive board team, Bilfinger was realigned with a strategy focusing on its core business. This strategic course will be continued and Bilfinger will be put back on a path of profitable growth.'
