Beñat Ortega appointed Chief Executive Officer of Gecina at the end of the General Meeting of April 21, 2022
PARIS–(COMMERCIAL THREAD) – Regulatory news:
Gecina (Paris: GFC) The Board of Directors, chaired by Jérôme Brunel, met on December 10, 2021 and unanimously decided, on a proposal from its Governance, Appointments and Remuneration Committee, to appoint Beñat Ortega as Chief Executive Officer of Gecina. He will succeed Méka Brunel, Director-General, whose mandate expires, in accordance with the bylaws, at the end of the General Meeting of April 21, 2022.
Beñat Ortega, 41 years old and a former student of École Centrale Paris, is currently a member of the Management Board, Deputy CEO and corporate officer of Klépierre, European leader in listed commercial real estate with a portfolio of 22 billion euros. He joined Klépierre in 2012 and has managed its operational activities since. He played a key role in its transformation through the refocusing of the portfolio around 120 leading shopping centers and an ambitious strategy of value creation and cash flow growth. He previously spent nine years in Paris within the Office teams of the listed group Unibail-Rodamco.
Jérôme Brunel, Chairman of the Board of Directors:
“After a rigorous selection process led by the Governance, Appointments and Compensation Committee, the appointment of Beñat Ortega, a leading executive, will allow Gecina to consolidate and accelerate its strategy, at a time when offices and dwellings are called upon to reinvent themselves into sustainable living spaces. The Board of Directors is convinced that Beñat Ortega, supported by the management team in place, will continue to strengthen and further develop the value creation strategy for Gecina’s shareholders and stakeholders. At Beñat Ortega robust his managerial experience and the major transformations he successfully carried out with large listed real estate companies were key factors in this decision.
Beñat Ortega will rely on all of Gecina’s teams, and in particular Nicolas Dutreuil and Valérie Britay, deputy managing directors, and Frédéric Vern, general secretary.
On behalf of the Board of Directors, I would like to salute the remarkable work accomplished by Méka Brunel who, since his appointment in 2017, has initiated a profound transformation at Gecina, notably with the acquisition of Eurosic in 2017, the development of its residential activity and the acceleration of the Group’s environmental and societal actions. Under his leadership, Gecina has become the leading European group in office property ”.
Méka Brunel, Managing Director of Gecina:
“I am delighted with the appointment of Beñat Ortega as Chief Executive Officer of Gecina at the end of my term. Experienced and recognized real estate professional, he will successfully pursue the strategy deployed since my arrival in 2017, supported by the exceptional teams of the Group. I was proud to have led the transformation of Gecina over the past five years, supported by a particularly talented Executive Committee and the dedication of all of our teams, particularly in environmental and societal aspects. Centrality, digitization and climate change, including its social impacts, also open up opportunities for Gecina ”.
Beñat Ortega, future CEO of Gecina:
“I am proud and delighted to join Gecina. I would like to thank the Board of Directors for their trust and confidence. Thanks to the quality of its assets and the relevance of its financial and operational strategy led by Méka Brunel in the office and housing activities, I am convinced that Gecina and its teams will be able to ensure sustainable growth in its turnover and of the value of his portfolio. I will also endeavor to continue and accelerate the initiatives launched in recent years in the area of corporate social responsibility, from gender equality to decarbonization. With the YouFirst brand, Gecina will be able to continue to innovate to effectively serve its customers, while offering them a richer experience in its living spaces ”.
Biography of Benat Ortega
Graduated from École Centrale Paris in 2003, Beñat Ortega joined the Offices division of the Unibail-Rodamco Group, within its Paris-based asset and investment management team, and rose through the ranks until he led this team from 2010.
He manages an office portfolio of around 3 billion euros and participates in numerous operations, including the merger with Rodamco in 2007, the acquisition of 7.25% of the capital of Société Foncière Lyonnaise, and various development operations. , including the Majunga Tower in La Défense and So Ouest and So Ouest Plaza in Levallois-Perret.
In 2012, he was appointed Deputy CEO of the Klépierre Group, a CAC Next 20 listed real estate company, with a portfolio of 120 shopping malls valued at 22 billion euros as of June 30, 2021. He has developed a culture of operational excellence and performance. He participated in the acquisition of Corio in 2014 and coordinated its rapid and successful integration into Klépierre, while generating synergies.
He was appointed Deputy CEO in 2016, then became a corporate officer and member of the Management Board in 2020. Under his leadership, his teams, representing around 1,000 employees in 12 countries in Europe, deployed an ambitious commercial, digital and local project. strategy, while generating revenue growth. At the same time, he led its Act For Good strategy, allowing Klépierre to be ranked world leader in its sector for CSR in 2020 and 2021 in the GRESB benchmark, thanks in particular to an 82% reduction in carbon emissions since 2013 and a portfolio that is 100% BREAM-in-Use certified.
Specializing in centrality and uses, Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops the leading office portfolio in Europe, with nearly 97% located in Ile-de-France, and a portfolio of residential assets and student residences, with more than 9,000 apartments. These portfolios are valued at 20.0 billion euros at the end of June 2021.
Gecina has firmly anchored its innovation and its human approach at the heart of its strategy for creating value and fulfilling its mission: “Promoting shared human experiences at the heart of our sustainable spaces”. For our 100,000 customers, this ambition is driven by our customer-centric brand YouFirst. It is also positioned at the heart of UtilesEnsemble, our program which sets out our solidarity commitments in favor of the environment, people and quality of life in the city.
Gecina is a French Société d’Investissements Immobiliers (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60 and Euronext 100 indices. Gecina is also recognized as one of the best performing companies in its sector by the main benchmarks and sustainable development rankings (GRESB, Sustainalytics, MSCI, ISS ESG and CDP).
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