People: Associated Estates Realty Corp (AEC)

AEC on New York Consolidated

18.31USD
22 Aug 2014
Price Change (% chg)

$-0.24 (-1.29%)
Prev Close
$18.55
Open
$18.55
Day's High
$18.57
Day's Low
$18.30
Volume
230,555
Avg. Vol
293,947
52-wk High
$18.81
52-wk Low
$13.10

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Summary

Name Age Since Current Position

Jeffrey Friedman

62 2002 Chairman of the Board, President, Chief Executive Officer

Lou Fatica

47 2001 Chief Financial Officer, Senior Vice President, Treasurer

Scott Irwin

47 2013 Senior Vice President, General Counsel, Secretary

Jason Friedman

39 2013 Senior Vice President - Acquisitions and Development

John Shannon

52 2004 Senior Vice President - Operations

Richard Schwarz

62 2011 Independent Lead Director

Mark Milstein

51 1993 Director

Albert Adams

63 1996 Independent Director

Michael Gibbons

61 2004 Independent Director

James Sanfilippo

62 2012 Independent Director

James Schoff

68 2006 Independent Director

Biographies

Name Description

Jeffrey Friedman

Mr. Jeffrey I. Friedman serves as Chairman of the Board, President and Chief Executive Officer of Associated Estates Realty Corp. He has been Chairman of the Board and Chief Executive Officer of the Company since its organization in July 1993, and served as the Company’s President from the Company’s organization to February 2000 and again since December 2002. In 1974, Mr. Friedman joined the Company’s predecessor, Associated Estates Corporation, an owner and manager of multifamily residential apartment communities. Mr. Friedman earned a Bachelor of Science degree from The Ohio State University.

Lou Fatica

Mr. Lou Fatica serves as Chief Financial Officer, Senior Vice President, Treasurer of Associated Estates Realty Corp. He joined the Company in 1999 as Controller and was promoted to Vice President, Controller in 2000. He assumed his current role in 2001. Mr. Fatica is responsible for financial operations including capital markets, reporting, internal audit and Sarbanes-Oxley compliance as well as tax, treasury and finance functions for the Company. He has more than 20 years of finance and accounting experience and is a Certified Public Accountant (CPA). He earned his bachelor's degree in Accounting from Cleveland State University. He is a member of the American Institute of Certified Public Accountants (AICPA), the Ohio Society of CPAs and serves as a member of the Board of Directors of the Hillcrest Family YMCA.

Scott Irwin

Mr. Scott D. Irwin serves as Senior Vice President, General Counsel, Secretary of Associated Estates Realty Corp. Mr. Irwin joined the Company as Vice President, General Counsel and Secretary in 2013. Prior to joining the Company, Mr. Irwin served as Executive Vice President, General Counsel and Secretary of Buffets Inc., a restaurant company, from 2010 until 2013. From 2006 until 2009 Mr. Irwin was Chief Counsel at International Paper Company. Mr. Irwin is responsible for all aspects of the Company's legal matters, including providing advice and counsel in the negotiation, structuring and implementation of the Company's property acquisitions, development, disposition, financing and capital markets activities, as well as risk management, corporate governance, public company reporting and litigation. He has more than 20 years of overall experience in law, specializing in finance, corporate governance and compliance, acquisitions and divestitures, labor and employment, and litigation. Mr. Irwin earned his bachelor's degree, Summa Cum Laude, from Kent State University, where he was inducted into Phi Beta Kappa. His Juris Doctorate was awarded, Summa Cum Laude, by The Ohio State University College of Law, where he was elected to the Order of the Coif.

Jason Friedman

Mr. Jason A. Friedman serves as Senior Vice President - Acquisitions and Development of Associated Estates Realty Corp. Mr. Friedman joined the Company in 2009 as Vice President, Construction and Development, and as President of Merit Enterprises, Inc. Mr. Friedman previously was the President of JAS Construction, Inc., a general contractor specializing in multifamily renovations. Mr. Friedman has also worked for PricewaterhouseCoopers where he provided valuation and advisory services to real estate clients. Mr. Jason Friedman is responsible for overseeing the Company's acquisition and new development activities, which include purchasing of land, design and entitlement, and project turnover for lease-up. Additionally, he is responsible for directing and supervising the construction efforts, including construction management for all development projects. He earned his bachelor's degree in Communications and Business from Auburn University. Mr. Jason Friedman is a member of the Urban Land Institute, National Multi-Housing Council, National Association of Home Builders, Young Presidents Organization (YPO), and National Association of Real Estate Investment Trusts (NAREIT). Mr. Jason Friedman has over 15 years of real estate experience, including construction, acquisitions, dispositions, and financing.

John Shannon

Mr. John T. Shannon serves as Senior Vice President - Operations of Associated Estates Realty Corp. Mr. Shannon had previously held the position of Vice President of Operations at The Shelter Group. He has a degree in Business Administration with a concentration in real estate finance and construction management from the University of Denver. Mr. Shannon has 22 years of property management experience.

Richard Schwarz

Mr. Richard T. Schwarz is Independent Lead Director of Associated Estates Realty Corp. He has been a limited partner of Edgewater Capital Partners, a private equity investment firm, and a member of its board of operating advisors since July 2003. In 1998, he co-founded Sycamore Partners LLC, a Cleveland-based investment and advisory firm focused on investing in businesses in northeast Ohio. Prior to forming Sycamore, he was Director and President of Laurel Industries, Inc., a privately held chemical manufacturer and a subsidiary of Occidental Petroleum Corporation. Mr. Schwarz is currently Chairman of the Board of Directors of ABS Materials, Inc., a privately held water treatment and environmental remediation company. Mr. Schwarz holds a Bachelor of Science degree from The Ohio State University and a MBA from Case Western Reserve University. He has over 37 years of business experience as an entrepreneur, executive and private equity investor, most recently with Edgewater Capital Partners. He has experience in management consulting and recruiting, and the development and retention of effective management personnel. Mr. Schwarz also serves on the Visiting Committee of the Case Western Reserve University School of Engineering, the Leadership Council for University Hospital's Orthopedic Department, and the Technology Transfer Committee of Cleveland State University.

Mark Milstein

Mr. Mark L. Milstein is Director of Associated Estates Realty Corp.. He is the owner of Adam Building Company, LLC, a general contractor, and has held various offices with Adam Construction Company, and an affiliated entity, J. Holden Construction, including President and Senior Project Manager, since 1993. He holds a Bachelor of Arts degree and a MBA from Southern Methodist University.

Albert Adams

Mr. Albert T. Adams is Independent Director of Associated Estates Realty Corp. He has been a partner of the law firm of Baker & Hostetler LLP in Cleveland, Ohio, since 1984, and has been associated with the firm since 1977. In addition to his law degree, Mr. Adams received a MBA from Harvard Business School and was a teaching fellow in Economics at Harvard College. Utilizing a combination of legal and business skills, he has experience in advising companies with respect to capital market activity, business combinations and corporate governance. Mr. Adams has served as a director or trustee of numerous private, charitable and civic organizations. He has also served as a director of six publicly-held companies, including five publicly-held real estate investment trusts. During his tenure as a director of publicly-held real estate investment trusts, Mr. Adams served as a member and chairman of three corporate governance committees; a member of three, and a chairman of one, compensation committees; and a member and chairman of one audit committee.

Michael Gibbons

Mr. Michael E. Gibbons is Independent Director of Associated Estates Realty Corp. He has been the Senior Managing Director and Principal of Brown Gibbons Lang & Company L.P., a Cleveland-based investment banking firm, since its inception in 1989. Mr. Gibbons also currently serves on the Board of Directors of Preformed Line Products Company, an international designer and manufacturer of overhead and underground network products and systems. Mr. Gibbons has also served on the board of directors of two other publicly traded companies, LESCO, Inc. and Preformed Line Products Company (“PLP”), where he continues to serve as chairman of PLP’s audit committee. He earned a Bachelor of Science degree from Kenyon College, a law degree from Cleveland State University and a master’s degree from Case Western Reserve University.

James Sanfilippo

Mr. James J. Sanfilippo is the Independent Director of Associated Estates Realty Corp. He retired from Grant Thornton LLP, Cleveland, Ohio on July 31, 2009, and continued to serve the firm as a consultant until December 31, 2011. Mr. Sanfilippo served as office managing partner for Grant Thornton LLP, Cleveland, Ohio, from 1988 through July 31, 2007, having joined the firm in 1973.

James Schoff

Mr. James A. Schoff is the Independent Director of Associated Estates Realty Corp. He provides business consulting and advisory services to a variety of business enterprises. Mr. Schoff served as Special Advisor to the Chairman of Developers Diversified Realty Corporation (“DDR”), a shopping center real estate investment trust, from 2004 until his retirement on December 31, 2010. Mr. Schoff also served as Executive Vice President and Chief Operating Officer of DDR from 1993 to 1998, Vice Chairman and Chief Investment Officer of DDR from 1998 to 2002, and Senior Investment Officer of DDR from 2002 to 2003.

Basic Compensation

Name Fiscal Year Total

Jeffrey Friedman

3,828,000

Lou Fatica

1,456,860

Scott Irwin

934,833

Jason Friedman

944,321

John Shannon

1,730,660

Richard Schwarz

--

Mark Milstein

--

Albert Adams

--

Michael Gibbons

--

James Sanfilippo

--

James Schoff

--
As Of 30 Dec 2013

Options Compensation

Name Options Value

Jeffrey Friedman

1,207,000 4,229,498

Lou Fatica

470,039 1,307,998

Scott Irwin

0 0

Jason Friedman

75,000 1,229,250

John Shannon

262,930 1,809,000

Richard Schwarz

0 0

Mark Milstein

0 0

Albert Adams

0 0

Michael Gibbons

0 0

James Sanfilippo

0 0

James Schoff

0 0
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