Globalworth announced the appointment of Dennis Selinas as the new CEO of the Group. The Board of the company and Dimitris Raptis, the current CEO, have agreed for Mr Raptis to step down from his role both as CEO and as a member of the Board with effect from 31 December 2022. Dennis Selinas is joining the Company as an executive director with effect from 21 November 2022 and will take over as CEO of Globalworth from 1 January 2023.
“On behalf of the Board, I’d like to place on record our thanks and appreciation to Dimitris for his drive and dedication over the last ten years. He has played a key role, especially over the last few challenging years, in steering the Company through to continued resilient performance and in shaping Globalworth’s plans for the future. He has also helped to nurture a first-class management team that, under Dennis’ future guidance, is now very well placed to take the business forward. On behalf of the Board, I would like to welcome Dennis to his new role with Globalworth. Dennis’ extensive background in CEE property and finance is the right fit for the company and will be vital for strengthening its dominance in the office market”, said Martin Bartyzal, Chairman.
Dennis Selinas has nearly 20 years of real estate experience in Central and Eastern Europe and is currently managing the real estate portfolio of Argo Capital Management Limited, an AIM-listed fund management company, which consists of €500m of retail assets in five SEE shopping centres (c. 275,000 GLA / Romania, Ukraine).
Dimitris Raptory remains connected to Globalworth in an advisory role. He joined the Board of the Company as Deputy CEO and Chief Investment Officer ahead of its IPO on AIM in 2013, later becoming CEO during 2020.
Globalworth is the leading office investor in Central and Eastern Europe (CEE).