Steen & Strøm’s Board of Directors currently has five members, elected by the General Meeting. Pursuant to the company’s articles of association, the Board of Directors shall consist of between five and seven members. The Board of Directors also acts as the Audit Committee.


Chairman of the Board


Jean-Marc Jestin has been Chairman of the Klépierre Executive Board since November 7, 2016, after serving as Chief Operating Officer and member of the Klépierre Executive Board since October 18, 2012. Previously, Jean-Marc Jestin held a number of positions in real estate companies. He was Chief Financial Officer and then Chief Operating Officer of the pan-European platform Simon Ivanhoe from 1999 to 2007. He then joined the Unibail-Rodamco International teams, acting as Deputy Chief Investment Officer in charge of acquisitions, sales and M&A transactions.

Jean-Marc Jestin started his career in 1991 at Arthur Andersen in an audit role where he contributed to the development of the real estate practice.

Jean-Marc Jestin, 53 years old, is a graduate of the HEC Paris business school.


Board Member


Jean-Michel Gault has served as Deputy CEO of Klépierre since January 1, 2009. He has been an Executive Board member since June 1, 2005. Jean-Michel Gault joined Klépierre in 1998 as Chief Financial Officer, after a 10-year career in the Paribas group. In 2009, his role was expanded to include the Office Property division. In this role, he supervised Klépierre’s merger with Compagnie Foncière for which he was acting as Chief Financial Officer within the Real Estate Investment division of Paribas. Previously, he was Head of Financial Services and then appointed Chief Financial Officer at Cogedim, which was a subsidiary of Paribas at that time. Jean-Michel Gault began his career with GTM International (Vinci group) as a financial controller.

Jean-Michel Gault, 61 years old, is a graduate of the École Supérieure de Commerce de Bordeaux.


Board Member


Julien Goubault began his career in 2005 as an auditor at the Cour des Comptes, then as Deputy Director of External Audit of the United Nations in New York in 2007. In 2010, he became Head of the Real Estate, Housing and Tourism Unit at the Development and Participation Oversight Department of the Caisse des Dépôts et Consignations. In 2013, he joined Icade as Deputy Chief Financial Officer.

Julien Goubault joined Klépierre in 2016 as Chief Communications Officer. In June 2020, he was promoted to General Secretary of the Group, in charge of human resources, governance, legal affairs, sustainable development and communications.

Julien Goubault is a National School of Administration alumni (“Romain Gary” class) and a graduate of Sciences Po Paris.


Board Member


Rafael Torres Villalba is a Senior Portfolio Manager at APG Asset Management, focusing on APG’s European residential and retail investment. APG is the pension fund manager for the Dutch civil servants pension fund ABP. Rafael Torres Villalba has been working for APG’s real estate group for more than 20 years, working on both Asian and European real estate. After heading the European real estate team for close to 15 years, he has taken responsibility for some of the residential investments in APG’s portfolio together with his long lasting involvement in Steen & Strøm. His skillsets entail among others both transactional as well as portfolio management skills.

Rafael Torres Villalba holds a MSc in Economics from Maastricht University and is a CFA charterholder.

Rafael Torres Villalba is Chairman of the Spanish PRS Socimi Vivenio and board member of London based residential landlord and operator Get Living.


Board Member


Rutger van der Lubbe is Head of Global Real Estate Investment Strategy at APG Asset Management. Based in the Amsterdam office, he is jointly responsible for the firm’s global Real Estate investment and asset management activities, and is part of the global Real Estate management team. As part of his position, he leads various strategic initiatives, whilst being the key liaison for external stakeholders.

Rutger van der Lubbe joined APG (then ABP) in 2001 and was predominately involved in the firm’s European Real Estate investment activities before transitioning into his current role in 2017. Rutger van der Lubbe serves as the Chairman of the INREV Research Committee, was a member of the European listed Real Estate institutional Investment Advisory Committee and holds various board positions in portfolio entities.

Rutger van der Lubbe is a CFA charter holder and holds a Masters degree in Economics from the Erasmus University Rotterdam in the Netherlands, with a specialization in Financial Economics.