Safestay plc (SSTY.L), a hostel group, on Monday announced that Peter Zielke will step down from his executive responsibilities as Chief Operating Officer effective June 10, but will remain on the Board for a transition period.
Davide Caschili has been appointed Chief Operating Officer and will take over from Zielke in the role from the same date.
Caschili with more than 25 years of experience most recently served as Head of Operations UK & Ireland at Edyn Group and previously held senior operational leadership roles at Generator and Freehand Hotels.
On Friday, Safestay plc closed trading at GBp 13.50 on the London Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.