Instone Real Estate has announced the departure of CFO Foruhar Madjlessi at the end of July and the appointment of David Dreyfus as new CFO and board member of the company effective September 1.
The CFO change follows a request by Madjlessi to terminate the contract earlier than initially agreed due to personal reasons. He was originally scheduled to end his role in December 2026.
Dreyfus has over 28 years of experience in corporate finance and capital markets, including as director with Lazard and most recently as senior partner of Lilja & Co. In addition to numerous other M&A and capital markets transactions, Dreyfus has advised Instone in preparation and execution of its IPO in 2017 and 2018, and is intimately familiar with the company’s business model and operations.
‘David will hit the ground running considering his experience as advisor to the company and his previous work with the executive board as well as numerous colleagues at Instone,’ said supervisory board chairman Stefan Brendgen.
