Karsten Hell is leaving the Steiner Group

Zürich, July 2021

Karsten Hell is stepping down from his position as CEO of Steiner AG as part of the company's transformation. The current CFO Ajay Sirohi will take over the management of the real estate company. Michael Schiltknecht will assist him as Co-CEO.

Steiner AG initiated a company transformation in spring 2021, the Zurich-based general and general contractor explains in a press release . The business model was geared towards the further expansion of the company's own project portfolio and the addition of participation models and investment vehicles such as the Steiner Investment Foundation. In addition, Steiner wants to launch digital products for the real estate market in the future.

As part of the company's transformation, Karsten Hell offered the board of directors his resignation as CEO, Steiner informs. Hell joined Steiner in 2013 as Chief Operating Officer (COO) and has headed the company as CEO since July 2018. The outgoing CEO will remain with the company as an advisor to the board of directors, writes Steiner.

Hell's successor will be Ajay Sirohi with immediate effect. The graduate economist and mathematician joined the Steiner Group in 2011 as Chief Financial Officer. Sirohi previously held the same position for various multinational companies.

With Michael Schiltknecht , Sirohi will also join Steiner AG's previous Head of Real Estate Development as Co-CEO. Schiltknecht joined Steiner in 2007 as head of real estate development. The two new company directors should “continue to pursue the specified strategy and ensure the sustainable development of the company”, says the announcement.

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