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NEPI Rockcastle PLC (NRPJ.J)

NRPJ.J on Johannesburg Stock Exchange

13,590.00ZAc
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Summary

Name Age Since Current Position

Robert Emslie

59 2018 Independent Non-Executive Chairman of the Board

Alexandru Morar

35 2018 Chief Executive Officer, Executive Director

Mirela Covasa

36 2017 Chief Financial Officer, Executive Director

Marek Noetzel

40 2017 Executive Director

Desmond de Beer

2017 Non-Independent Non-Executive Director

Sipho Majija

39 2018 Non-independent Non-Executive Director

George Aase

56 2018 Independent Non-Executive Director

Antoine Dijkstra

2017 Non-Executive Independent Director

Andre van der Veer

2017 Non-Executive Independent Director

Biographies

Name Description

Robert Emslie

Mr. Robert Reinhardt Emslie, BCom, Hons Acc, CA, serves as Independent Non-Executive Chairman of the Board of the Company. He was Non-Executive Independent Director of the Company. Robert Emslie is a Chartered Accountant, with more than 30 years’ experience in the financial services sector and property management. He held various positions within the ABSA Group (currently part of Barclays) during a period of 21 years, more recently as Head of ABSA Corporate and Business Bank, Head of ABSA Africa and member of ABSA Group’s Executive Committee. Mr. Emslie retired in 2009 and currently holds chairmanship and non-executive directorship positions in various private and public companies. Mr. Emslie was a Non-Executive Director of NEPI starting from 2016 and also the Chair of Remmuneration Committee in NEPI. He was appointed as an independent Non-Executive Director of NEPI Rockcastle on 15 May 2017 and Chairman of the Board effective from 28 August 2018.

Alexandru Morar

Mr. Alexandru Morar serves as Chief Executive Officer, Executive Director of the Company., with effect from 12 June 2018. He was Joint Chief Executive Officer, Executive Director of the Company. Alex Morar began his career at Julius Baer Investment Bank in New York, and later joined the financial advisory practice of Deloitte Romania, working on large projects and M&A transactions. He joined NEPI upon its founding in 2007 and has contributed to all aspects of the business since. He was initially involved in operational and reporting activities, and later assumed leadership of NEPI’s investments programme throughout CEE. He was appointed as an Executive Director of NEPI in 2013 and as NEPI’s CEO in August 2015, whereafter he drove a significant increase and diversification in the Company’s portfolio and expansion of its asset management platform. He also supervised the 2017 merger with Rockcastle, which consolidated the Group’s position in CEE through the access to the significant Polish market. Mr. Morar manages the group’s strategy and activities across all its geographies.

Mirela Covasa

Ms. Mirela Florenta Covasa, BCom, ACCA, CAFR, serves as Chief Financial Officer, Executive Director of the Company. With over 17 years of experience in accounting and finance, Mirela Covasa is responsible for the financial management of NEPI Rockcastle. Prior to NEPI, she spent eight years in PricewaterhouseCoopers, where she progressed to the Senior Manager position, and was responsible for audit assignments in diverse industries in Romania, Slovenia and India. She joined NEPI in February 2012 as Finance Manager and became Chief Financial Officer in 2015. She has notable achievements in aligning financial initiatives and operational goals with corporate objectives, contributing to the group’s superior performance over the last years. Ms. Covasa sourced the funding of the M&A pipeline in the last four years, while ensuring an adequate capital structure for the group, focused on a conservative gearing ratio. She has driven the transition from an asset-based financing model to capital markets and group-level unsecured debt, and significantly decreased cost of funding.

Marek Noetzel

Mr. Marek Pawel Noetzel serves as Executive Director of the Company. Marek Noetzel started his real estate career in 2002 with Cushman & Wakefield in Warsaw as a retail leasing agent, and was promoted to associate in 2007 and partner in 2011. As head of the retail department at Cushman & Wakefield, he was responsible for the key client account management. He was appointed as Executive Director of Rockcastle in 2016, and is focused on western portfolio asset management. Mr. Noetzel was appointed as an executive director of NEPI Rockcastle on 15 May 2017.

Desmond de Beer

Mr. Desmond de Beer serves as Non-Independent Non-Executive Director of the Company. Desmond de Beer has significant experience in property investment and management. He spent several years in the banking industry, first at Barclays Bank, South Africa, where he was Bond Manager at the Barclays Trust. Subsequently, he was appointed General Manager, Corporate Equity and became a member of the Executive Committee at Nedcor Investment Bank. Since 2002, Mr. de Beer has been the Managing Director of Resilient REIT Limited, a South African property company listed on the JSE. Mr. de Beer was a non-executive director of NEPI starting from 2008 and also the Chair of the Investment Committee of NEPI.

Sipho Majija

Mr. Sipho Majija has been appointed as Non-independent Non-Executive Director of the Company. Sipho Vuso Majija has been an employee of Fortress REIT Limited (“Fortress”) since its listing in 2009 and joined the Fortress board of directors as an executive director during May 2017. He has extensive experience in property and asset management of commercial, industrial and retail properties gained over a period of 13 years. Mr. Majija manages Fortress’ retail portfolio, including aspects related to developments, re-developments, extensions, national tenant relations, acquisitions and disposals. He has also previously served on the board of Pangbourne Properties Limited as an alternate director.

George Aase

Mr. George Elling Aase, CPA, has been appointed as Independent Non-Executive Director of the Company. George Aase is an experienced CFO in publicly traded real estate firms, technology companies and Fortune 100 U.S. multinational industrial firms. He is a highly strategic and business-oriented senior finance executive with extensive experience in leadership roles. His core specialties include corporate finance, capital markets, IPO transactions, debt financing, international financial operations, international finance and controlling, and investor relations, with at over 12 years’ experience in the real estate sector. He has led the process of three major initial public offering projects in London, Zurich and Frankfurt. Mr. Aase also possesses extensive financing and debt restructuring experience, and has managed various portfolios connected with major acquisitions and underwriting.

Antoine Dijkstra

Mr. Antoine Laurens Vincent Dijkstra, MSc, COL (INSEAD), serves as Non-Executive Independent Director of the Company. Mr. Dijkstra started his career at Credit Agricole in Rotterdam, Paris and Frankfurt. He had various managing roles within NIBC (Netherlands), Harcourt Investment Management (Zurich), JPMorgan/ Bear Stearns and Gulf International Bank (Bahrain). He is founder and partner of Implexus Capital (Netherlands) providing advisory services for corporations, governments and financial institutions, in areas such as strategic planning, financial structure and capital suport. Mr. Dijkstra has extensive experience in investment management, with a focus on public sector related entities and financial institutions. Mr. Dijkstra was a non-executive director of NEPI starting from 2016 and was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Andre van der Veer

Mr. Andre van der Veer is serves as Non-Executive Independent Director of the Company. After completing a Masters degree in Banking and Economics during 1991, Andre van der Veer joined Rand Merchant Bank where he founded the agricultural commodities and derivatives trading group in 1995. He headed the trading, derivatives structuring and proprietary trading teams. Since 2003 he was with the RMB Equity Global Markets team. He became Head of RMB Equity proprietary trading desk in 2009 with a mandate to invest in debt and equity instruments globally. Mr. Van der Veer founded Foxhole Capital during 2012 as a family office specialising in global real estate securities in the listed and private equity markets. He was a non-executive director of Rockcastle since 2014, and also the Chair of Investment Committee in Rockcastle. Mr. Van der Veer was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Basic Compensation

Name Fiscal Year Total

Robert Emslie

78,167

Alexandru Morar

1,697,000

Mirela Covasa

1,334,000

Marek Noetzel

770,000

Desmond de Beer

57,000

Sipho Majija

24,319

George Aase

23,250

Antoine Dijkstra

60,000

Andre van der Veer

65,667
As Of  31 Dec 2018