Corestate severs ties with CEO Michael Bütter


Corestate is ending its relationship with Michael Bütter. The employment contract has been terminated as of the end of the year, the listed Luxembourg-based investment manager stated in a release on Saturday. As for the reasons, Corestate only says that the separation is not related to the company’s operative development or its strategic orientation. The forecast of November and the dividend indication for business year 2018 remain unchanged. Bütter had assumed the position as CEO only in May. He had joined Corestate from the brokerage platform Immobilienscout24. His responsibilities will be shouldered by executives Lars Schnidrig and Thomas Landschreiber for the time being; Schnidrig is standing in for Bütter as CEO.

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