By Helena Smolak
TAG Immobilien appointed Claudia Hoyer and Martin Thiel, who have led the company as a two-member management board since 2022, as its first co-chief executive officers.
The German real-estate firm said Monday that Hoyer and Thiel will serve as co-CEOs, while maintaining their roles as Chief Operating Officer and Chief Financial Officer, respectively, which they have held since 2012 and 2014. Hoyer’s contract continues to run on a long-term basis until June 30, 2027, whereas TAG extended Thiel’s contract by five years until March 31, 2029, it said.
TAG has introduced the role of co-CEO for the first time with the latest appointment. Previously, the company was managed jointly by the board of directors, with the last CEO position active until September 2014, the company told Dow Jones Newswires.
The company also appointed Eckhard Schultz to its supervisory board until the upcoming Annual General Meeting in May 2024. Schultz, who previously served as chief financial officer and Deputy CEO at LEG Immobilien, is joined by two employee representatives, Bjoern Eifler and Beate Schulz, maintaining a 33% women quota on the board, TAG Immobilien said.
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