Austrian-listed real estate company Conwert Immobilien Invest announced last week that CEO Johann Kowar is stepping down at his own initiative at the end of the year.
Austrian-listed real estate company Conwert Immobilien Invest announced last week that CEO Johann Kowar is stepping down at his own initiative at the end of the year.
'The board regrets Kowar's decision and unanimously passed a motion during an extended meeting to initiate the process of finding a suitable successor and organizing the handover. Until he leaves the management team at the end of the year, Kowar will support the board with the smooth handover of his role,' the company said.
Conwert is a Central European residential property company that is also present in Germany, the Czech Republic, Hungary and Slovakia. Its property portfolio comprises 1,787 properties with a total usable space of more than 2,048,719 m2 The total value amounts to EUR 2.62 bn.
