Redefine reconstitutes its board

Posted On Monday, 06 July 2009 02:00 Published by eProp Commercial Property News
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Redefine Properties has announced a change in the board of directors, following its recent merger with ApexHi and Madison

Marc WainerCurrent non-executive chairman, Dines Gihwala, will continue to head the board, while long standing business partners, Marc Wainer and Wolf Cesman, have been appointed as joint chief executive officers.

Cesman says the board has been reconstituted to appropriately reflect all unitholders’ interests and to realise the objectives of the merged company. “Importantly, we will have a strong team of hands on executive directors drawn from all three companies,” he says.

Brian Azizollahoff and Mike Flax will be the executive directors focused on the growth of the business including its offshore expansion, acquisitions and disposals.  They will also concentrate on funding through the debt and capital markets.  In addition, Azizollahoff will  be responsible for investor relations, corporate affairs and marketing.

Former ApexHi managing director, David Rice, has been appointed as the executive director responsible for the operations of the R18-billion property portfolio, which comprises 411 properties over an area of 3,6-million square meters.

Janys Finn, the former chief financial officer of Madison, has been appointed as the company’s Financial Director.

Certain Redefine non-executive directors were not available for re-election to the board due to other commitments. The non-executive directors who have accepted positions on the board include former ApexHi CEO Gerald Leissner; Harish Mehta; Greg Heron; Monica Khumalo and Bernard Nackan. Di Perton will continue to serve on the board.

“We are extremely pleased to have such a balanced board comprising members who have all served on the boards of one of the three companies. This will not only ensure continuity, but will provide best practice for an effective board,” says Cesman.

Publisher: eProp
Source: RDF

Last modified on Tuesday, 29 April 2014 12:41

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