CITYCON OYJ Inside Information 7 September 2025 at 22:10 hrs
The Board of Directors of Citycon Oyj and Oleg Zaslavsky have mutually agreed
that Mr. Zaslavsky will step down from his position as CEO with immediate
effect. The company thanks Mr. Zaslavsky for his efforts and wishes him the best
in his future endeavors.
At the same time, the Board of Directors of Citycon Oyj has unanimously resolved
to appoint Eshel Pesti as Citycon's new CEO with immediate effect. Pesti will be
based in Helsinki, Finland.
With over 17 years of operating European shopping center companies, Mr Pesti is
a very experienced commercial leader delivering proven operational and financial
performance. He has a strong track record in leading international real estate
companies and currently serves as the CEO of G City Europe.
Chaim Katzman, Chairman of the Board of Directors, Citycon:
“I would like to welcome Eshel Pesti to Citycon. Eshel brings strong real estate
experience and operational expertise, predominantly in urban shopping centers,
and the Board unanimously believes he is the right person to lead the company
going forward. The Board remains committed to the company's strategy to focus
on high-quality assets in strong, growing urban markets in the major Nordic
cities as well as further strengthening the company's balance sheet. We are
confident that together with the talented employees and management team, Eshel
can position Citycon for long-term value creation.”
Eshel Pesti, incoming CEO, Citycon:
“I am truly honored for this opportunity to join Citycon, the leading retail
real estate company in the Nordics. I am very much looking forward to building
the company's future and am dedicated to creating value for all of the company's
stakeholders.”
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Anni Torkko
Investor Relations Manager
Tel. +358 45 358 0570
ir@citycon.com
Citycon is a leading owner, manager and developer of mixed-use real estate
featuring modern, necessity-based retail with residential, office and municipal
service spaces that enhance the communities in which they operate. Citycon is
committed to sustainable property management in the Nordic region with assets
that total approximately EUR 3.8 billion. Our centres are located in urban hubs
in the heart of vibrant communities with direct connections to public transport
and anchored by grocery, healthcare and other services that cater to the
everyday needs of customers.
Citycon's shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com