Cromwell names acting CEO, continues search

Cromwell European REIT has named Simon Garing as its acting CEO, while the search for a permanent appointee is under way. He will also be an executive director.

Garing has resigned as the chief capital officer, which he was responsible for capital management and fundraising for capital markets. Prior to that, he was the deputy director of Asia-Pacific research and director of Australia and Korean research at Merrill Lynch Asia Pacific.

Separately, Elena Arabadjieva has been promoted to the role of chief operating officer. She will continue to head investor relations.