Peach Property appoints new CEO

Peach Property Group has announced the appointment of Gerald Klinck as new CEO, starting in April.

Klinck joins from nursing home specialist Cureus where he held the position of CFO and CEO. In his 25-year old carrer, he also held executive roles at Deutsche Wohnen Group, Vonovia, and TLG Immobilien.

In addition to his role as CEO at Peach Property, Gerald Klinck will also take over the responsibilities of the CFO. With the arrival of Gerald Klinck, Klaus Schmitz will step down as executive chairman and will solely hold the office of chairman of the Board of Directors.

Peach Property focuses on affordable residential rental properties in Germany.

Gerald Klinck, new CEO of Peach Property, said: ‘I am looking forward to my new role at Peach Property. Together with the team of Peach Property, the goal is to further improve the portfolio, overcome the challenges posed by the financial markets and create value for all stakeholders.’

Klaus Schmitz, executive chairman of the Board of Directors of Peach Property, added: ‘At the end of 2023, we clearly stated that we want to position Peach Property according to be the highest levels of corporate governance and we have now taken the first step. We will also shortly announce a new board of directors which will be voted on during the next General Meeting.’

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