Dutch property group Rabo Bouwfonds confirmed on Wednesday that Tjalling Halbertsma will resign as management board chairman with effect from 1 June, due to differences of opinion on corporate strategy. Board member Peter Keur will take over his duties on an interim basis until a new chairman is found.
Dutch property group Rabo Bouwfonds confirmed on Wednesday that Tjalling Halbertsma will resign as management board chairman with effect from 1 June, due to differences of opinion on corporate strategy. Board member Peter Keur will take over his duties on an interim basis until a new chairman is found.
In his previous position as head of Rabobank's real estate division, Halbertsma was responsible for the acqusition of Bouwfonds in 2006, resulting in the merged group Rabo Bouwfonds. He was appointed management board chairman of the combine in December 2006.
Halbertsma, 50, is said to have had internal clashes about the way the various real estate units within the merged group should be integrated and its international policy. These clashes led earlier to the departure of Henk van Zandvoort, chairman of the property development division of Rabo Bouwfonds and Pieter Wetselaar of Rabo Vastgoed.
Rabo Bouwfonds plans to split the group from the current three into four divisions as part of a restructuring designed to streamline its real estate activities. The four units will be: Development Residential, Development Commercial Property, Asset Management and Real Estate Financing.
