European private residential real estate company Vonovia SE has nominated Clara C. Streit as new chair of its supervisory board.
The proposed appointment will be put to the company's AGM meeting for confirmation on 17 May 2023.
Streit will take over from Jürgen Fitschen who will not stand for re-election, due to Vonovia's age limit of 75.
She has been a member of Vonovia's supervisory board since June 2013 and has chaired the finance committee and been a member of the executive and nomination committee.
Jürgen Fitschen, chair of the supervisory board of Vonovia SE, said: ‘I’ll be passing on my mandate on Vonovia’s supervisory board in the knowledge that, by proposing Clara C. Streit to our shareholders, we’ll be suggesting a successor who will continue this task with great commitment and in the interest of the company and all its stakeholders. She has detailed knowledge of Vonovia and can look back to many years of international experience on committees, with wide-ranging insights into other industries.’
Streit added: ‘I am very pleased about the trust that has been placed in me by my colleagues in the supervisory board. This office comes with a great responsibility, as the way in which Vonovia meets the immense challenges in the housing market is relevant to cohesion in our society – challenges which include new construction, climate protection and demographic change.’
Streit had previously worked as a consultant at McKinsey’s and most recently as a senior partner.
She is also a member of the supervisory board of Deutsche Börse, in addition to being a member of the board of directors of Vontobel Holding in Switzerland and of Portuguese retail group Jerónimo Martins.
