NEPI Rockcastle names COO Marek Noetzel as new CEO

Business Forum
Nepi Rockcastle has appointed Marek Noetzel as its new Chief Executive Officer, effective 1 April 2026. Noetzel, who has served as the company's COO since June 2022, will succeed current CEO Rüdiger Dany.

Marek is nominated as Investment Professional of the Year at the upcoming CEE Property Forum Awards.

The appointment follows an international search process for Europe's third-largest listed retail real estate company, which owns a portfolio valued at over €8 billion across 60 properties in eight Central and Eastern European countries.

Noetzel joined Rockcastle Global Real Estate in 2016, establishing the company's offices in Poland. Following the 2017 merger between Rockcastle's Polish and Czech portfolio with Nepi's assets in Romania, Slovakia, Serbia and Czechia, he held positions as Board Member and Director of Retail in Poland before becoming COO. Previously, he was the Polish Head of Retail at Cushman and Wakefield.

"We are delighted that after a rigorous and transparent international search process, the Nepi Rockcastle Board has decided that Marek is the best qualified to lead the company in the next stage of its growth story," said George Aase, Nepi Rockcastle Chairman. "Marek brings unrivalled knowledge of the company's operations and has been instrumental in its growth through portfolio optimisation, new acquisitions and developments."

Under Dany's four-year leadership, the company implemented over €1 billion in acquisitions, developments and asset management, with distributable earnings per share rising 75% from 34.42 euro cents to 60.17 euro cents in 2024. "I'm very proud that Nepi Rockcastle's Board has selected an internal candidate as new CEO," Dany said. "This appointment is a recognition of Nepi Rockcastle's culture of developing leadership talent."

RECOMMENDED
Romanias retail stock second largest in CEE despite low density
Real estate

Romania's retail stock second largest in CEE despite low density

Retail developers continue to accelerate expansion plans across Romania, with projects totalling more than 750,000 sqm currently in construction and planning stages for delivery until 2029, according to a report by Cushman & Wakefield Echinox.

Nepi Rockcastle names Marius Barbu as new COO
Real estate

Nepi Rockcastle names Marius Barbu as new COO

Nepi Rockcastle has appointed Marius Barbu as COO, effective from April 2026, to succeed Marek Noetzel, current COO and CEO-designate. He has also been nominated as a Board Director and will stand for election at the next AGM in May 2026.

Nepi Rockcastle grows H1 2025 net operating income by 12.1%
Real estate

Nepi Rockcastle grows H1 2025 net operating income by 12.1%

Nepi Rockcastle, Europe's third-largest listed retail real estate company by portfolio value, reported a 12.1% year-on-year increase in net operating income (NOI) in the first half of 2025, reaching €307 million. The company's investment property portfolio exceeded €8 billion for the first time in its history, supported by acquisitions completed in 2024 and active asset management. Vacancy remained low at 1.6%.

How is Goldbach Group banking on retail growth in smaller cities
Real estate

How is Goldbach Group banking on retail growth in smaller cities

Elena Oancea, Co-CEO of Goldbach Group, talked to Property Forum about the group's ongoing developments in the retail parks niche, the focus on sustainability in its construction and interior design divisions and its pipeline of photovoltaic projects in Romania.

RECOMMENDED FROM THE HOME PAGE
PPC Group sees 25% profit hike in 2025
Energy

PPC Group sees 25% profit hike in 2025

Energy group PPC achieved its 2025 targets with adjusted EBITDA reaching €2 billion and adjusted net profit of €450 million, up 25% year-on-year.

READ MORE
Business Forum  |  20 March, 2026 at 4:29 PM
Business Forum  |  20 March, 2026 at 3:45 PM