Michael Bucker to become Commerz Real chairman

Commerz Real has named Michael Bücker as the incoming chairman of the board as part of a 'strategic reorientation' at the German real estate investor.
He will succeed Hubert Spechtenhauser who will step down on 31 October by mutual consent.

Commerzbank Group, which owns Commerz Real, is going through a restructuring of its own. In a statement, Commerz Real said its supervisory board and Spechtenhauser believe that the repositioning should go hand-in-hand with a change in leadership at the top-management level.