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News Personnel Changes

Ronson Development: Nir Netzer leaves the board of directors

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Nir Netzer decided to resign as of 30 November 2019 as the President and Member of the Management Board of Ronson Development. The resignation is due to his new professional plans.

A lot of experience

Nir Netzer has extensive experience in managing international companies. Since 2009, he has served as President of the Management Board of DEN Financial Consultancy LTD, a company active in the area of investment management. Previously, he was President of G.H. East Europe Limited, a Cypriot developer, and Chief Financial Officer of a Dutch developer.

He has been the President of Ronson Development since November 2017, when he replaced Tomasz Łapiński. In his speech, he pointed out that the resignation is related to new professional plans. In Ronson, he will perform his duties until the end of November, which is aimed at smoothly transferring them to his successor. The company’s supervisory board will soon take steps to appoint a new chairman of the board.

Increase in profit and decrease in revenue

In the first half of 2019, Ronson Development made a consolidated net profit of PLN 12.2m (€2.8m), up from PLN 10.3m (€2.4m) a year earlier (+18%). Sales revenues came in at PLN 143m (€33m), a 16% decrease from the PLN 170.2m (€39.3m) recorded in H1 2018.

In Q2 2019, Ronson Development contracted 172 units and sold a total of 346 units since the beginning of the year. The number of deliveries in Q2 was 289 units, while in the entire first half of 2019 it was 434 units.

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