People: Associated Estates Realty Corp (AEC)

AEC on New York Consolidated

18.16USD
23 May 2013
Price Change (% chg)

$-0.36 (-1.94%)
Prev Close
$18.52
Open
$18.35
Day's High
$18.45
Day's Low
$18.13
Volume
247,225
Avg. Vol
301,895
52-wk High
$19.09
52-wk Low
$14.24

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Summary

Name Age Since Current Position

Jeffrey Friedman

61 2002 Chairman of the Board, President, Chief Executive Officer

Lou Fatica

46 2001 Chief Financial Officer, Vice President, Treasurer

John Shannon

51 2004 Senior Vice President - Operations

Scott Irwin

46 2013 Vice President, General Counsel, Secretary

Jason Friedman

38 2009 Vice President - Construction and Development

Richard Schwarz

61 2011 Independent Lead Director

Mark Milstein

50 1993 Director

Albert Adams

62 1996 Independent Director

Michael Gibbons

60 2004 Independent Director

James Sanfilippo

61 2012 Independent Director

James Schoff

67 2006 Independent Director

Jeremy Goldberg

Vice President of Corporate Finance & Investor Relations

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, Vice President, Treasurer of Associated Estates Realty Corp. He joined the Company in 1999 as Controller, and was promoted to Vice President-Controller during 2000. Mr. Fatica is a Certified Public Accountant (CPA), a member of the American Institute of Certified Public Accountants (AICPA) and the Ohio Society of CPA's.

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.

Scott Irwin

Mr. Scott D. Irwin serves as Vice President, General Counsel, Secretary of Associated Estates Realty Corp. Mr. Irwin joins the company with over 10 years experience as General Counsel and more than 20 years of overall legal experience. Most recently, he served as Executive Vice President, General Counsel, and Secretary for Buffets, Inc., in Greenville, SC. Previously, Mr. Irwin served as Chief Counsel for International Paper Company [NYSE: IP], and General Counsel for General Electric Company's Energy Management Systems division [NYSE: GE]. In addition to his General Counsel experience, Mr. Irwin was a Partner for a number of years at Baker & Hostetler LLP, in Cleveland, OH. Mr. Irwin earned his bachelor's degree, summa cum laude, from Kent State University and his Juris Doctorate, summa cum laude, from The Ohio State University College of Law.

Jason Friedman

Mr. Jason A. Friedman serves as Vice President - Construction and Development of Associated Estates Realty Corp. 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. He graduated from Auburn University with a major in Communications and Business. Mr. Friedman is an active member of the Young Presidents Organization and the Urban Land Institute. Mr. Friedman has over 11 years of real estate 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.

Jeremy Goldberg

Basic Compensation

Options Compensation

Name Options Value

Jeffrey Friedman

1,207,000 4,229,498

Lou Fatica

505,875 1,526,978

John Shannon

162,930 59,000

Scott Irwin

0 0

Jason Friedman

0 0

Richard Schwarz

0 0

Mark Milstein

0 0

Albert Adams

0 0

Michael Gibbons

0 0

James Sanfilippo

0 0

James Schoff

0 0

Jeremy Goldberg

0 0
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