Press release from Aareal Bank AG: Sale of Aareon to TPG
Aareal Bank and Advent International to sell Aareon to TPG for approximately € 3.9 billion
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Dirk Schilling appointed Chief Financial Officer at Aareon
Mainz, 23 March 2023 – Dirk Schilling (55) will become Chief Financial Officer at Aareon, the leading provider of SaaS solutions for the European property industry, on 1 April 2023. The Aareon Supervisory Board has now permanently confirmed Dirk Schilling, who had already been announced as interim CFO, as a new member of the Management Board. He succeeds Christian M. Schmahl, who will retire from operational business on 31 March 2023.
Commenting on the appointment of Dirk Schilling as CFO, Aareon CEO Harry Thomsen said: "I am very pleased that Dirk Schilling, with his financial expertise and experience in the software industry, will strengthen our Management Board team as CFO. He completes our team in an ideal way so that we can jointly drive our future-oriented and innovative growth course. I would like to thank Christian M. Schmahl for the significant further development of the finance department."
Dirk Schilling was most recently CFO of Serrala Group, a global software provider for automated financial processes and B2B payments, for more than five years, where he was also responsible for the HR and legal departments. Prior to that, he worked for various companies, including as CFO at Alltours.
"Aareon is currently setting a central strategic course for the future," explains Dirk Schilling. "I am pleased to be able to contribute my financial and software expertise to this exciting transformation process at Aareon, in order to sustainably support the company's growth trajectory."
Aareon Supervisory Board Chairman Jochen Klösges emphasises: "I am delighted that we were able to quickly recruit Dirk Schilling, an experienced leader, as Aareon's Chief Financial Officer, and wish him a successful start at Aareon Group."
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Aareal Bank and Advent International to sell Aareon to TPG for approximately € 3.9 billion
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