A view of the sign of Signa Holding on their headquarters in Vienna, Austria, November 6, 2023.
Benko, an Austrian entrepreneur and a key figure in Europe's property market for two decades, is known for high-profile purchases including New York's iconic Chrysler Building and Britain's Selfridges.
Some current and former investors - themselves titans of industry - have in recent days publicly lashed out at Benko, raising questions about his future role at Signa.
What is important now is to restore trust, and I want to play my part in that," Benko said in the statement.
Geiwitz is best known for his role in the insolvency proceedings of Germany's Galeria Kaufhof-Karstadt department stores and drug store chain Schlecker.
Persons:
Leonhard Foeger, Rene Benko, Arndt Geiwitz, Fitch, Benko, Signa, Geiwitz, Germany's Galeria, Alexandra Schwarz, Tom Sims, Matthias Williams, Kirsti Knolle, Bernadette Baum
Organizations:
Signa, REUTERS, Rights, Chrysler, titans, Germany's, European Central Bank, Thomson
Locations:
Vienna, Austria, FRANKFURT, Germany, Austrian, Benko