Eshel Pesti takes helm as Citycon's new CEO

Citycon, a Nordic-based real estate company specializing in mixed-use properties, has announced a change in leadership. 

Eshel Pesti

Oleg Zaslavsky has stepped down as CEO, and the company's Board of Directors has unanimously appointed Eshel Pesti as the new CEO, effective immediately. 
Pesti brings over 17 years of experience in managing European shopping centre companies, having demonstrated strong operational and financial performance in international real estate. He is currently the CEO of G City Europe and will be based in Helsinki, Finland.
Chaim Katzman, chairman of the Board of Directors, Citycon. said: “I would like to welcome Eshel Pesti to Citycon. Eshel brings strong real estate experience and operational expertise, predominantly in urban shopping centres, and the Board unanimously believes he is the right person to lead the company going forward.  The Board remains committed to the company’s strategy to focus on high-quality assets in strong, growing urban markets in the major Nordic cities as well as further strengthening the company’s balance sheet. We are confident that together with the talented employees and management team, Eshel can position Citycon for long-term value creation.”
Eshel Pesti, incoming CEO, Citycon, added: “I am truly honoured for this opportunity to join Citycon, the leading retail real estate company in the Nordics. I am very much looking forward to building the company’s future and am dedicated to creating value for all of the company’s stakeholders.”
Citycon owns, manages, and develops modern retail spaces that offer essential services, and also incorporate residential, office, and public service areas. The company has around €3.8 bn in assets and its properties are strategically located in urban centres, easily accessible by public transport, and are anchored by essential services like grocery stores and healthcare.