German property group Patrizia has announced the appointment of Christoph Glaser as new chief financial officer starting April 1.
In addition, Glaser will assume responsibility for Risk Management, Investor Relations, and Procurement & Services. He was previously the Chief Financial Officer of Home Credit Group, the global consumer finance business of PPF Group, which operates across nine mature and emerging markets in Europe and Asia. Previously, the 51-year-old manager held several CFO and other senior management roles at General Electric.
Prior to that, he worked for two decades at General Electric (GE), spanning multiple different roles.
In assuming his new responsibilities Glaser succeeds Karim Bohn. Bohn took on the role of CFO at the end of 2015 and has informed the company's Supervisory Board that he wished to take on other responsibilities outside the company after six years in this role. Karim Bohn will continue to be available to the company and his successor in an advisory capacity to ensure a smooth transition.
Uwe Reuter, Chairman of the Supervisory Board, said: ‘We are pleased to have gained Christoph Glaser as our new CFO, who is a well known personality in his field. Particularly in the course of the conversion to the legal form of an SE and in the subsequent years, the CFO function will be very important. Christoph Glaser fulfills all the requirements to successfully shape this path." Reuter added: "At the same time, it is also a personal wish of mine to express my thanks to Mr. Bohn - also on behalf of the Supervisory Board. He has done an excellent job over the past six years on which his successor can build. We respect and regret his decision to take on another task outside of PATRIZIA and we are pleased that he will accompany us for a few more months and we remain on friendly terms.’
