LEG CEO takes on CFO role, as Schultz steps down

German-listed housing company LEG Immobilien has announced that chief financial officer (CFO) and deputy CEO Eckhard Schultz has resigned from the management board as of August 31.

Responsibility for the role of CFO will be assumed by CEO Lars von Lackum, in addition to his current duties.

'The Supervisory Board of LEG Immobilien AG wishes to thank Mr Schultz for his excellent work in the past,' said chairman of the supervisory board Michael Zimmer.

'Mr Schultz not only successfully took the company public, but also developed it very successfully into one of Germany’s leading residential property companies together with the previous CEO Thomas Hegel,' Zimmer added.

'I truly enjoyed developing LEG successfully over the past ten year with first-class colleagues and my wonderful team. I wish the company all the best for the future,' said Schultz.

A banker and economics graduate, Schultz joined the management of the LEG Group in May 2009. He has been the CFO and deputy CEO of LEG Immobilien since January 2013.

LEG currently manages 131,000 rental properties and over 350,000 residents acroos Germany. The company generated rental and lease income of around €767 mln in the 2018 financial year.

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