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Real Estate Credit Investments Limited has appointed Andreas Tautscher as Chair, effective from 1 November 2024. He will succeed Bob Cowdell, who will retire from the Board on 31 October 2024 after nine years as Chair, having been re-elected at the recent AGM with 98.9% of votes cast. The Company has also initiated a search for an additional Board member following Mr. Cowdell's retirement.
| Date | 30 Sept 2024 |
| Time | 15:30:11 |
| Category | Board changes |
| ID | 3001G |
Real Estate Credit Investments Limited
(the "Company")
Board Succession Update
The Company is pleased to announce that Andreas Tautscher, who joined the Board in May 2024, has been appointed as Chair of the Company with effect from 1 November 2024, succeeding the current Chair Bob Cowdell.
As previously announced, Mr Cowdell stood and was duly re-elected (98.9% of votes cast in favour) at the Company's recent AGM to accommodate the completion of the search for his successor and he will retire from the Board on 31 October 2024 after an effective transition to Mr Tautscher. The Board wishes to thank Mr Cowdell for his support and tenure as Chair over the last nine years, especially through the most recent period of challenging market conditions.
Mr Tautscher was previously a senior banker at Deutsche Bank. He also currently serves on a number of other listed company boards as previously disclosed.
The Company has appointed an independent recruitment firm and a search is underway to recruit an additional Board member following Mr Cowdell's retirement. Further announcements will be made once a successful candidate has been identified.
For further information please contact:
|
Investment Manager: |
[email protected] (Cheyne) |
+44 (0)20 7968 7450 |
|
Broker: |
Darren Vickers / Alex Collins (Panmure Liberum) |
+44 (0)20 3100 2222 |