Lars Schnidrig has elected to leave Corestate Capital, just six months into his mandate as chief financial officer (CFO) of the firm.
Corestate said that its supervisory board had reached an agreement with management board member and CFO Schnidrig 'on the termination of his employment contract as of 31 July... at the request of Mr. Schnidrig, for personal reasons, on the best of terms'.
The company said it would embark immediately on the process of finding a successor.
Schnidrig, the former CEO of Corestate, spent 18 months as head of the firm before asking to part ways with the company back in October 2020. At the time, his intention was to leave the firm as of 31 December 2020. The chief reason given for exiting the CEO role was that of pursuing 'a new professional challenge'.
However, by 30 November, when Corestate revealed that René Parmantier would be taking over as CEO of the firm from 1 January 2021, the firm also noted that Schnidrig had agreed to stay on as CFO for a term of three years. This was a return to a role which Schnidrig had held for Corestate in 2017 and 2018.
Schnidrig has now revealed his desire to leave the firm again, with Parmantier set to cover his mandate as CFO with immediate effect.
The chairman of Corestate's supervisory board, Friedrich Munsberg, said: 'It is with great regret that we have agreed to Mr. Schnidrig’s wish to terminate his employment with Corestate for personal reasons.
'Mr. Schnidrig has worked for our group as a member of the management board since July 2017 and has played a key role in shaping and moulding the development of the Corestate Group with great personal commitment during this time.
'He made a particular mark in the areas of capital market financing, investor relations and sustainability/ESG. On behalf of the entire supervisory board, I would like to sincerely thank Mr. Schnidrig for the trustful cooperation and wish him all the best for his personal and professional future.
'We are confident that we will be able to move forward swiftly with the process of finding a successor and in the meantime know that the management of the CFO department is in the best hands with Mr. Parmantier.'
