German listed property company IVG Immobilien, which last week formally emerged from insolvency, has appointed a new chief executive and finance chief.
German listed property company IVG Immobilien, which last week formally emerged from insolvency, has appointed a new chief executive and finance chief.
Ralf Jung has taken the top job at the Bonn-based company, which has completed a year-long debt restructuring programme after filing for creditor protection in August 2013.
Jung most recently worked as a partner with a business consultancy, prior to which he was CEO of Allianz Alternative Assets Holding, grouping the insurer’s real estate, private equity, infrastructure, renewable energies and fund investment activities. Before that, he was a member of the management board at Dresdner Bank, where he was responsible for the corporate client business.
IVG has also appointed Rolf Glessing as CFO. Glessing is trained as an auditor and previously held senior management positions at various companies, including as managing director at the Merckle Group and as CFO of residential property landlord Gagfah. He most recently worked as an independent management consultant.
The previous members of the management board – Hans-Joachim Ziems (restructuring) and Elmar Geissinger (finance) – left the company on 20 September as planned.