Troubled Adler Group makes interim CFO chief financial officer

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The subsidiary of the real estate group has many of its own construction sites.

(Photo: imago images/Achille Abboud)

Dusseldorf The ailing real estate investor Adler Group has found a new chief financial officer in its own ranks. Thomas Echelmeyer, who had held the office on an interim basis since June, was appointed the new chief financial officer at the beginning of September, Adler announced on Monday.

In May, after a change in management, the group held out the prospect of appointing a new chief financial officer. Echelmeyer now has to take part in the search for a new auditor, the previous auditor KPMG had refused the Adler Group the certificate for the 2021 balance sheet. This is one of the reasons why there was no dividend for 2021.

The Board of Directors will “not make any future-oriented statements on the dividend until further notice,” it said.

More: Adler’s difficult search for an accountant

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