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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Austria's Immofinanz loses CEO Kleibl after just four months
The CEO of Austria's listed Immofinanz, once one of Europe's largest real estate companies but now struggling to survive, is to step down at the end of February after just four months at the company. Thomas Kleibl, who took up his role at Immofinanz in October 2008, is to become a senior adviser for a Swedish industrial fund. Both Kleibl and the company attributed the surprise move to his success but most commentators point to the imminent merging of Immofinanz with Immoeast, and the likely takeover of the reins at the merged entity by the current CFO Eduard Zehetner, also CEO of the subsidiary.