Zug Estates: Tobias Achermann steps down as CEO

Tobias Achermann (48) has been at the helm of Zug Estates Holding since 2014. He will leave the company at the upcoming annual general meeting. According to Zug Estates, he wants to reorient himself professionally and take on new challenges. The search for a successor will be initiated immediately, according to the board of directors.

Zug Estates achieved a consolidated result of CHF 38.8 million in the 2018 financial year, around 12% more than in the previous year. Net income excluding revaluation gains increased byTP2T8.91to28.6 million and real estate income increased byTP2T11.81to50.8 million.