Keegan Viscius, erstwhile chief investment officer of Vienna-headquartered CA Immo, has been appointed as CEO.
The supervisory board of CA Immo voted on the matter on 10 June.
Viscius has been a member of the company's management board since 1 November 2018 and, as CIO, was previously responsible for the core operational areas of asset management and transaction management, among others.
David Smith, first deputy chairman of the supervisory board and head of DACH for Starwood Capital Group, commented: 'We are very pleased to have an executive of Keegan’s caliber as CA Immo’s CEO.
'His deep knowledge of the company and strong track record of driving shareholder returns from his post as CIO the last five years make him the right leader to execute the company’s capital rotation strategy moving forward.
'We are confident that the current management board composition will ensure the company continues to deliver at pace on its strategic goals, working closely with the Supervisory Board to drive value for all shareholders.'
At the same time, the supervisory board will enter into negotiations with both management board members to extend their mandates beyond their current terms of office.
In addition to CEO Viscius, chief financial officer (CFO) Andreas Schillhofer has seen his contract extended. The latter has been a member of the management board since 1 June 2019.
CA Immo that the appointments would help hone the firm's three pillar strategy of improving the quality of its portfolio through selective asset rotation; the transformation to a sustainable company; and driving efficiency across the corporate structure in order to continue to generate value for all our stakeholders.
