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SmartCentres Real Estate Investment Trust (SRU_u.TO)

SRU_u.TO on Toronto Stock Exchange

31.88CAD
16 Aug 2019
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Summary

Name Age Since Current Position

Mitchell Goldhar

57 2015 Chairman of the Board of Trustees

Peter Forde

64 2016 President, Chief Operating Officer

Huw Thomas

66 2016 Chief Executive Officer, Trustee

Peter Sweeney

55 2017 Chief Financial Officer

Stephen Champion

52 2018 Executive Vice President - Development

Rudy Gobin

57 2015 Executive Vice President - Portfolio Management and Investments

Mauro Pambianchi

66 2015 Chief Development Officer

Michael Young

74 2015 Lead Independent Trustee

Garry Foster

67 2013 Independent Trustee

Gregory Howard

63 2015 Trustee

Jamie McVicar

61 2001 Independent Trustee

Sharm Powell

54 2019 Independent Trustee

Kevin Pshebniski

56 2001 Independent Trustee

Biographies

Name Description

Mitchell Goldhar

Mr. Mitchell Goldhar serves as a Chairman of the Board of Trustees of Smart Real Estate Investment Trust. Mr. Mitchell Goldhar has been in the real estate development business for over 30 years. Since opening his first retail development in 1994, the first new Walmart store in Canada in Barrie, Ontario, Mr. Goldhar has developed over 265 shopping centres across Canada (including the development of 175 Walmart stores). Mr. Goldhar has a number of real estate sites across Canada in various stages of development including an interest in 100 acres in the Vaughan Metropolitan Centre through his private company, the Penguin group of companies. Mr. Goldhar has also developed an emerging network of Penguin Pick-Up locations, some co-branded with Walmart, offering free, convenient pick-up locations for online purchases and Penguin Fresh, an online food marketplace. Mr. Goldhar holds a B.A. degree in Political Science from York University and has been an adjunct professor with the Joseph L. Rotman School of Management, University of Toronto since 2004. Mr. Goldhar is on the Board of Onex Corporation and Indigo Books and Music Inc., is Director Emeritus of the SickKids Foundation and is on the Advisory Board for the Canadian Sports Concussion Project. Mr. Goldhar is owner of the historic Maccabi Tel Aviv Football Club in Tel Aviv, Israel. Trustee of SmartCentres since July 8, 2005, Chairman of the Board since May 28, 2015 and Executive Chairman since February 14, 2018

Peter Forde

Mr. Peter Forde, CPA., is President, Chief Operating Officer of the Company. He was President and Chief Executive Officer of SmartCentres since July 1, 2018, President and Chief Operating Officer of SmartCentres since August 2016 and Chief Operating Officer of SmartCentres from May 28, 2015 to July 1, 2018. Chief Operating Officer of the Penguin group of companies from September 2005 to May 2015. Executive Vice President Finance and Administration of the Penguin group of companies from 1998 to September 2005, Vice President and Chief Financial Officer of Nexacor Realty Management Inc. (real estate subsidiary of Bell Canada) from January 1996 to February 1998. Mr. Forde is a Chartered Professional Accountant and has a Bachelor of Business Administration degree from York University (1977). Trustee of SmartCentres from July 8, 2005 to May 27, 2015.

Huw Thomas

Mr. Huw Thomas, FCPA, FCA, CPA, is Chief Executive Officer, Trustee of Calloway Real Estate Investment Trust. Chief Executive Officer of SmartCentres from March 2013 to June 2018. President of SmartCentres from March 2013 to August 2016. Served in various senior financial roles at Canadian Tire Corporation, including as Chief Financial Officer for nine years from 2000 to 2009 and as Executive Vice-President, Financial Strategy and Performance from November 2009 until December 2010. Member of the board of directors since 2011, a member of the Audit Committee and a member of the Nominating and Governance Committee of Dollarama Inc. from 2011 to June 2017. Chairman and Chairman of the Audit Committee of K.P. Tissue Inc. from December 2012 to March 2014. Member of the board of trustees and Chairman of the Audit Committee of Chartwell Retirement Residences since March 2012 and member of the Compensation, Governance and Nominating Committee since May 2017. Trustee of SmartCentres since April 2011. Chairman of the Audit Committee of SmartCentres from April 2011 to March 2013. Trustee of the Board of Trustees of Connors Bros. Income Fund from 2005 to 2008. Mr. Thomas holds a Bachelor of Science degree in Economics from the University of London (U.K.), and is a U.K. Chartered Accountant and Canadian Chartered Professional Accountant.

Peter Sweeney

Mr. Peter E. Sweeney serves as a Chief Financial Officer of Smart Real Estate Investment Trust. He was Chief Financial Officer of SmartCentres since November 2014. Formerly Vice President and Chief Financial Officer at Allied Properties REIT from 2010 to 2014. Mr. Sweeney was also Chief Financial Officer and Chief Administrative Officer at DTZ Barnicke from 1996 to 2010, a leading real estate brokerage and advisory firm. Prior to that, he held the position of Corporate Controller at a public real estate company and is a PricewaterhouseCoopers LLP alumnus. Mr. Sweeney is a Chartered Professional Accountant and a graduate of Ryerson University.

Stephen Champion

Mr. Stephen Champion serves as Executive Vice President - Development of the Company. He was Executive Vice President, Development of SmartCentres since February 2018. Executive Vice President, Real Estate and Strategic Opportunities for Sears Canada Inc. from March 2011 to November 2017. Managing Director of Corporate Development at Colliers International from September 2007 to January 2011. Mr. Champion holds a Bachelor of Arts from the University of Washington, a Master of Business Administration from the University of British Columbia and has completed the Advanced Management Program (AMP) at Harvard Business School.

Rudy Gobin

Mr. Rudy Gobin serves as a Executive Vice President - Portfolio Management and Investments of the Company. He was Executive Vice President, Portfolio Management and Investments since June 1, 2015. Executive Vice President (Asset Management) of SmartCentres from January 2007 to May 2015. Executive Vice President, Finance and Operations of the Penguin Group, a private shopping centre development company in Vaughan, Ontario, from May 2001 to December 2006. Chief Financial Officer of Nexacor Realty Management Inc. (real estate subsidiary of Bell Canada) from March 1998 to May 2001. Mr. Gobin is a Chartered Professional Accountant and has a Bachelor of Commerce from the University of Toronto (198

Mauro Pambianchi

Mr. Mauro Pambianchi serves as Chief Development Officer of the Company. He was Executive Vice-President and Chief Development Officer of the Penguin Group, a private shopping centre development company in Vaughan, Ontario, from May 2005 to May 2015. Executive VicePresident of the Penguin Group from September 2001 to May 2005. Trustee of OneREIT (formerly Retrocom Real Estate Investment Trust) from June 2010 to May 2015. Mr. Pambianchi also held the position of Senior Vice-President, Retail at Brookfield Properties Ltd. and, prior to that, Senior Vice-President, Development at The Cadillac Fairview Corporation Limited. Mr. Pambianchi holds a Bachelor of Architecture degree from McGill University and a Master of Business Administration from the Rotman School at the University of Toronto.

Michael Young

Mr. Michael D. Young serves as Lead Independent Trustee of the Company. Mr. Michael Young is President of Quadrant Capital Partners Inc., a private equity firm in Dallas, Texas, which he founded in November 2003. From January 1994 to October 2003, Mr. Young served as Managing Director and Head of Real Estate Investment Banking for CIBC World Markets. Mr. Young was appointed Global Head of Real Estate for CIBC World Markets in 1997. He served on the board of directors of Acasta Enterprises, Inc. from June 2017 to February 2018. Mr. Young was a trustee and Chairman of the board of directors of Milestone Apartments REIT from March of 2013 until April 2017, when Milestone Apartments REIT completed a “going private” transaction with Starwood Capital Group as the purchaser. He was a director of Brookfield Residential Properties Inc. from March 2011 and a director of Brookfield Homes from 2007. On March 12, 2015 Brookfield Residential Properties completed a “going private” transaction with Brookfield Asset Management as the purchaser. He is Chairman of the Board of Dignitas International (U.S.). Trustee of SmartCentres since November 11, 2003, Chair of the Board from July 1, 2014 to May 28, 2015 and Lead Independent Trustee since May 28, 2015. Mr. Young holds a Bachelors degree from the University of Western Ontario (1967). He is also a member of Canada’s Sports Hall of Fame. .

Garry Foster

Mr. Garry M. Foster, FCPA, FCA, serves as a Independent Trustee of the Company. He is Vice Chairman, Deloitte Canada from 2006 to 2013 and the National Managing Partner of Deloitte’s Technology, Media and Telecommunication practice from 1998 to 2006. Mr. Foster was a member of Deloitte’s board of directors from 2004 to 2012. He previously served as the President and Chief Executive Officer of Baycrest Foundation from September 2013 to February 2017, as well as the Chairman of the board of directors of Baycrest Centre for Geriatric Care and the Baycrest Foundation. Mr. Foster is currently a Corporate Director and is the Chair of the Presto Fare Card Committee since August 2015, a director and Chair of the Audit Committee of Real Matters Inc., a technology company that provides services for the mortgage lending and insurance industries since June 2016, a director of Payments Canada since June 2017, and a member of the Board of Directors of the Ontario Health Board since March 2019. Mr. Foster is a Chartered Professional Accountant, holds a Bachelor of Business Administration (1974) and a Masters of Business Administration from Schulich School of Business (1975) and an ICD.D certification from the Rotman School of Business (2009). Trustee of SmartCentres since May 1, 2013.

Gregory Howard

Mr. Gregory (Greg) Howard is an Trustee of the Company. Mr. Gregory Howard is a senior partner at Davies Ward Phillips & Vineberg LLP, one of Canada’s leading law firms, and is one of Canada’s pre-eminent real estate lawyers. His wide-ranging expertise includes commercial real estate acquisitions and dispositions, joint ventures, development projects, project financing, commercial leasing, real estate investment trusts, private equity funds, workouts, strategic planning and corporate matters. He has been recognized as one of the country’s leading real estate lawyers by Chambers Global, The Legal 500, Real Estate Law and numerous other sources. He obtained his LL.B. (with Honours) from the University of Toronto Faculty of Law in 1978 and was admitted to the Ontario Bar in 1980. Trustee of SmartCentres since July 2, 2015

Jamie McVicar

Mr. Jamie M. McVicar, M.B.A., LL.B, serves as a Independent Trustee of Smart Real Estate Investment Trust. He is Chief Financial Officer then Vice President Finance and Administration at Devonian Properties Inc., a property development company, from October 2000 to October 2011. President of Newell Post Developments Ltd., a property development company, from June 1998 to June 2000. Legal counsel for Oxford Development Group, a property development company, from 1988 to June 1998. Mr. McVicar is currently a Director of Steel Reef Infrastructure Corp. and MG Capital Corporation. Trustee of SmartCentres since December 4, 2001 and has served as a member of the Corporate Governance and Compensation Committee since 2002 and as a member of the Audit Committee since 2004. Mr. McVicar has a Bachelor of Commerce from the University of Alberta (1980), Bachelor of Laws from the University of Western Ontario (1981) and Masters of Business Administration from the University of Toronto (1982).

Sharm Powell

Ms. Sharm Powell serves as Independent Trustee of the Company. Ms. Sharm Powell’s 30-year career, spanning real estate, banking, brokerage and investments has provided her with diverse experience from both the principal and intermediary sides of the business. This includes investing for Canada’s largest pension fund, investment banking with a major Canadian bank and investment sales with the largest global brokerage firm. Ms. Powell has extensive experience in property acquisitions, sales, development and redevelopment (including mixed-use and site intensification projects) and structuring long-term joint ventures. She also has experience in the areas of public and private market financing (including equity, debt, convertible debentures and mortgages) as well as mergers & acquisitions, public market takeovers and corporate restructurings. Most recently, she was a Director at Canada Pension Pl dan Investment Board (CPPIB) and was head of its Real Estate Investments team for Canada. During a portion of her tenure at CPPIB, Ms. Powell also headed CPPIB’s US Retail and its US Multi Family (rental apartment) real estate investments and property portfolio. While at the fund, Ms. Powell studied the impact of e-commerce on shopping centres and the impact of disruptive technologies on real estate. Ms. Powell’s role included a focus on stewardship, environmental, social and governance (ESG) awareness and accountability/transparency to stakeholders. Prior to joining CPPIB, Ms. Powell worked for eight years on the National Investment Team (Toronto) at CB Richard Ellis (CBRE), the largest commercial real estate services company in the world, and spent eight years at BMO Capital Markets in its investment banking group in Toronto, focusing primarily on public real estate companies and REITs. Prior to this, Ms. Powell worked at McLeanco Realty, a wholly-owned subsidiary of Deutsche Bank Securities, providing real estate advisory services to public and private institutional real estate clients. Ms. Powell h

Kevin Pshebniski

Mr. Kevin B. Pshebniski, LL.B, serves as a Independent Trustee of Smart Real Estate Investment Trust. He was Chief Executive Officer of Hopewell Development LP since September 2016 and previously President and Chief Executive Officer of Hopewell Development Corporation, a property development company. Chief Operating Officer of Hopewell Development Corporation from September 1997 to September 1998. Vice President of Hopewell Group of Companies from January 1996 to September 1997. Trustee of SmartCentres since December 4, 2001 and has served on the Audit Committee since 2012. Mr. Pshebniski holds a Bachelor of Science (Geology Major) and a Bachelor of Laws from the University of Manitoba.

Basic Compensation

Name Fiscal Year Total

Mitchell Goldhar

931,532

Peter Forde

1,497,500

Huw Thomas

646,640

Peter Sweeney

1,099,100

Stephen Champion

--

Rudy Gobin

915,899

Mauro Pambianchi

1,031,640

Michael Young

400,000

Garry Foster

371,000

Gregory Howard

158,000

Jamie McVicar

333,000

Sharm Powell

--

Kevin Pshebniski

274,000
As Of  31 Dec 2018