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Aroundtown appoints advisory board chairman

Luxembourg-based commercial real estate company Aroundtown SA appointed Gerhard Cromme chairman of the company's advisory board.

Cromme has served as chairman of the supervisory board of Siemens, as well as chairman of the executive and supervisory boards of ThyssenKrupp.

Yakir Gabay and Claudio Jarczyk will remain members of Aroundtown's advisory board, according to a release.

Following the company's annual general meeting June 27, Andrew Wallis will become deputy CEO. Wallis was previously owner and CEO of a German property management company, details of which were not disclosed.