Deutsche Wohnen has appointed two co-chief executives

German real-estate company Deutsche Wohnen said on Monday that it has appointed Konstantina Kanellopoulos and Lars Urbansky as co-chief executive officers.

Konstantina Kanellopoulos works for Vonovia, where she is responsible for the value-add division as a general representative.

Philip Grosse is to remain chief financial officer (CFO) until March 31, 2022. He has also been Vonovia’s CFO since January 1, 2022.

Olaf Weber has been appointed as the designated CFO and as a further member of Deutsche Wohnen’s management board.

Weber joins Deutsche Wohnen from Vonovia, where he is head of finance and treasury. He is responsible for finance on Deutsche Wohnen’s management board, and will also oversee accounting, controlling, investor relations and taxes as of April 1, 2022.

Lars Urbansky was previously Deutsche Wohnen’s chief operating officer. In his new management board post, he will be responsible for property management, facility management, customer communication and strategy, human resources, investment management, integration and care.

Helene von Roeder was elected the new chairperson of Deutsche Wohnen’s supervisory board. She is member of Vonovia’s management board, responsible for digitization and innovation. The previous supervisory board member Florian Stetter has been elected deputy chairman.

Vonovia, a major European property group, holds a majority stake of around 87 per cent in Deutsche Wohnen.

Together, the two firms own around 550,000 apartments worth a total of more than 80 billion euros (some 90 billion dollars), most of them in Germany.

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