William Brennan is to succeed Burkhard Drescher as CEO of Gagfah on 1 August 2009. The listed German residential property group said Brennan has been appointed Deputy CEO of Gagfah's operating subsidiaries until he takes over as CEO.
William Brennan is to succeed Burkhard Drescher as CEO of Gagfah on 1 August 2009. The listed German residential property group said Brennan has been appointed Deputy CEO of Gagfah's operating subsidiaries until he takes over as CEO.
Gagfah owns about 175,000 rental units and an additional 25,000 apartments across Germany that are managed for third parties. In 2004, Gagfah was acquired by US investor Fortress Investment Group for EUR 3.5 bn.
Prior to joining Fortress in September 2008, Brennan was chief financial officer for RCI LLC’s, a global provider of rental vacation homes, in Europe, Middle East, South Africa and India. He was based in London for the last five years.
Gagfah said Nicolai Kuss has been appointed Chief Operations Officer of Gagfah's operating subsidiaries. For the last five years, Kuss has been the asset manager for Fortress' residential investments in Germany.
