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Aedifica CFO steps down, joins Cofinimmo

Jean Kotarakos, Aedifica SA's CFO is stepping down to assume the same role at Cofinimmo SA.

Kotarakos is replacing Jérôme Descamps, who resigned Feb. 8 for personal reasons.

Cofinimmo's board will also propose the appointment of Kotarakos as director during the company's ordinary general meeting slated for May 9, when Kotarakos' role as CFO will also be effective.

Until Kotarakos takes over his CFO duties, executive director Jean-Edouard Carbonnelle will continue to oversee the company's financial teams and operations.

Kotarakos was CFO at Aedifica since 2007 and his resignation is effective May 31.