Romanian real estate developer One United Properties has announced that Claudio Cisullo has been appointed Chairman of the Board of Directors starting May 20. He has recently become the third biggest shareholder of the developer and was Member of the Board of Directors of One United Properties since 2020.
Victor Căpitanu and Andrei Diaconescu, the two founders of One United Properties, currently own 70% of the company’s shares and are the only executive members of the Board of Directors.
“We have great opportunities ahead, and 2021 is an important year as we have announced our intention to be listed on the Bucharest Stock Exchange this summer,” says Căpitanu.
Cisullo is the Founder and Chairman of CC Trust Group AG, an internationally active family office invested in biotech, commodities, leisure, pharmaceuticals, professional services, real estate, and technology sectors. He has over 30 years’ worth of experience in corporate finance, M&A, venture capital and private equity. Cisullo has been an active investor on the Romanian residential and commercial property market for several years.
The management changes are taking place in preparation for the Initial Public Offering (IPO) of the company announced earlier this spring.
