Multi Corporation has announced the appointment of Glenn H. Aaronson (50) as Chief Executive Officer of the Company effective 1 June 2007. In his new role Mr. Aaronson will be responsible for overseeing the Company's day-to-day operations in 20 countries and will report to Hans van Veggel, Chairman of the Board.
Mr. Aaronson joins the Company after 11 years with Morgan Stanley Real Estate, where most recently he was a Managing Director and Head of Investing for Holland and Germany. Mr. Aaronson's other responsibilities included serving as co-head of real estate asset management activities for Morgan Stanley Real Estate's MSREF and Special Situation Fund III investment funds. In a 27-year career in real estate investing and asset management, Mr. Aaronson has also worked for Credit Suisse First Boston in real estate investing.
Commenting on the appointment, Hans van Veggel, Chairman of the Board, said, "We are delighted that Glenn has accepted to join Multi as its new CEO. We have, over the past two years, worked very closely with Glenn in his capacity as board member and asset manager and are confident that his deep knowledge of the Company will serve it and all its stakeholders well going forward."
Commenting on the appointment Glenn Aaronson said: "Multi has an enormous potential as it is positioned to take advantage both of general market forces favorable to retail development with an emphasis on specific areas within the greater Europe of dynamic consumer growth."