News | July 2021
Orona defies the pandemic
According to the company, Orona improved its market position in 2020 despite the pandemic and achieved turnover of 799 million euros. The cooperative revealed this at its virtual annual general meeting.
Michael Cesarz appointed CEO for Multi at thyssenkrupp Elevator. The trained architect is considered a specialist in innovative developments.
The executive board decided to consolidate its latest innovation in a separated unit, a more business efficient way to fully industrialize and explore the potential of the new technology.
Cesarz has garnered considerable attention for designing the Meydan Mall in Istanbul, Turkey, as well as follow-up concepts for spectacular buildings such as ‘The Edge’ in Amsterdam, the Netherlands, which will be constructed in Berlin, Germany.
"We have found the best person for the position of CEO for Multi in Michael Cesarz. He is adept in both technological and architectural matters, and has a wealth of experience as a manager. We consider him an asset in every sense of the word," says Andreas Schierenbeck, CEO at thyssenkrupp Elevator.
"I’m really looking forward to my new position. After all, this is a truly revolutionary piece of technology with an infinite number of possible uses, especially in terms of mobility in the smart cities of the future. It’s now time to make the most of these opportunities and tap into the potential that Multi offers," Cesarz adds.
Cesarz has not just gained extensive professional experience within Europe, but also in Dubai, UAE, where, as CEO of the Majid Al Futtaim shopping mall chain, he designed over 20 subsidiaries throughout the Middle East. Prior to this, he was in charge of the Real.
Estate business unit and Asset Management of the METRO Group based in Düsseldorf, Germany. Cesarz was also an Executive Board Member at the clothing chain Peek & Cloppenburg in this same city, where he focused primarily on development and expansion.
In addition to his architectural expertise, Cesarz is also considered a specialist in the areas of design, development, project management, and business operations throughout the entire real estate sector.
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