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United States

Genesis Land Development Corp (GDC.TO)

GDC.TO on Toronto Stock Exchange

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24 Mar 2017
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Summary

Name Age Since Current Position

Stephen Griggs

2016 Chairman of the Board

Trixy Weiss

2016 Co-Chairman of the Board

Rayman Mathoda

2016 Co-Chief Executive Officer

Robert Wasmund

2016 Co-Chief Executive Officer

Kirsten Richter

2016 Interim Chief Financial Officer

Parveshindera Sidhu

General Manager - Home Building

Arnie Stefaniuk

General Manager - Land Development

Kristen Wilkinson

General Manager - Sales & Marketing

Steven Glover

2015 Lead Independent Director

Iain Stewart

66 2016 Lead Independent Director

Yazdi Bharucha

2010 Independent Director

Michael Brodsky

48 2013 Independent Director

Mark Mitchell

2010 Independent Director

Loudon Owen

2013 Independent Director

Biographies

Name Description

Stephen Griggs

Mr. Stephen J. Griggs, B.A., J. D., is Chairman of the Board of Genesis Land Development Corp., since August 28, 2013. Prior to joining Smoothwater, he was until April 2012 the President and CEO of OPTrust, a major public sector pension plan with assets of $14 billion and over 83,000 members and retirees, leading OPTrust's integrated investment and administrative operations. Prior to joining OPTrust in mid-2011, Mr. Griggs served for three years as Executive Director of the Canadian Coalition for Good Governance, where he represented the interests of leading Canadian pension plans and other institutional shareholders. He also served during this time as Chair of Investeco Capital Corp., Canada's first environmental investment company. He was the President and CEO of Legg Mason Canada Inc. from 2003 to mid-2007, with responsibility for the Canadian operations of Legg Mason, Inc., one of the world's largest global investment management firms, and has been Chief Operating Officer of two leading Canadian mutual fund companies. Mr. Griggs was also a corporate/commercial and securities partner with the Toronto law firm Smith Lyons (now Gowlings) until 1994 and remains a member of the Law Society of Upper Canada with a J.D. from the University of Toronto Law School. Mr. Griggs is a director and Vice Chair of Equity Financial Holdings Inc., a TSX listed company which, through its wholly owned subsidiary, Equity Financial Trust Company, is a alternative mortgage lender focused on owner occupied residential homes. Mr. Griggs is also on the board of Greater Toronto Airports Authority, which operates Toronto Pearson International Airport, and is a reporting issuer.

Trixy Weiss

Rayman Mathoda

Mr. Rayman Mathoda is the Co-Chief Executive Officer of the Company. Rayman Mathoda joined Genesis Capitals management team and Board of Directors in late 2014, bringing to the company an excellent industry track record spanning the mortgage finance, real estate, and affordable housing sectors. Our clients are driving the creation of high quality housing across the home affordability spectrum by upgrading and adding to Americas aged housing stock. I love coming to work every day to help the Genesis team create an enduring national specialty mortgage finance business and platform that have never before been created in the USA, said Mathoda.

Robert Wasmund

Mr. Robert R. Wasmund is Co-Chief Executive Officer of the Company. He joined the company in 2012 as head of loan originations and is a member of the companys Board of Directors. Under Wasmunds leadership, Genesis became an industry leader originating over $1 billion in loans with strong investor returns and no losses since 2014. It has been a privilege to work with our institutional partners to help build the leading value-add capital partner for the nations top residential real estate investors. Our responsive, flexible and reliable personal service empowers our clients to seize opportunities and grow their businesses while delivering excellent risk adjusted returns for our investors.

Kirsten Richter

Ms. Kirsten Richter has appointed as Interim Chief Financial Officer, effective April 18, 2016. She brings to Genesis extensive financial leadership and business experience from roles across diverse industries. Ms. Richter is currently interim chief financial officer of Chatters. Since 2002, Ms. Richter has completed numerous executive leadership and special project assignments for a broad range of corporate clients, including major private equity investors. These engagements have focused on strategy, mergers and acquisitions, financial reporting and compliance, risk management, and business and process improvement. She spent the first 16 years of her career working in the big-four accounting firm environment in roles in audit, tax and corporate finance.

Parveshindera Sidhu

Mr. Parveshindera S. Sidhu, MBA, is General Manager - Home Building of Genesis Land Development Corp. Since his appointment as General Manager of Home Building in 2008, PS has tripled division revenues. An MBA graduate who is enrolled in the Professional Home Builders Institute, PS has a strong background in organizational leadership and residential construction operations. He has been working with Genesis since 2005.

Arnie Stefaniuk

Mr. Arnie Stefaniuk, P.ENG, is General Manager - Land Development of Genesis Land Development Corp. With over two decades of experience in land development and municipal engineering, Arnie has served as General Manager of Land Development at Genesis since 2010. His experience as a professional engineer, working in the field, led to a passion for community development. Arnie provides expertise in land investment, community design and construction.

Kristen Wilkinson

Ms. Kristen Wilkinson is General Manager - Sales & Marketing of Genesis Land Development Corp. She brings more than 15 years of strategic marketing and communications expertise to her role as General Manager of Sales & Marketing with Genesis. Her extensive experience in the real estate and land development sector includes marketing positions with the renowned North America resort real estate company, Intrawest, and the Lora Bay Corporation. Prior to joining Genesis in 2012, Kristen served as VP of Marketing & Communications with an energy solutions and renewables company. In 2013, Kristen helped facilitate the successful redevelopment of Genesis’ strategic vision and was able to deliver eighty percent growth of the home building division. She currently oversees the company’s corporate brand assets.

Steven Glover

Mr. Steven J. Glover, M.B.A., C.A., is an Lead Independent Director of Genesis Land Development Corp. Mr. Glover currently serves as and Chief Financial Officer of Clearview Resources Ltd and has served as an officer of several listed entities prior to his role with Clearview. He is also the Chair of the Audit Committee of an Alberta crown corporation, Travel Alberta. Mr. Glover holds a Bachelor of Math from the University of Waterloo and an M.B.A. from the University of Alberta. He is a Fellow of the Chartered Accountants and served as the Executive Director of the Institute of Chartered Accountants of Alberta from 1984 to 2005.

Iain Stewart

Mr. Iain Stewart, B. Comm., C.A., is Lead Independent Director of Genesis Land Development Corp. He is the co-founder and former co-CEO of Parkbridge Lifestyle Communities Inc., Canada’s pre-eminent land lease community owner and operator. Parkridge was sold to a major pension fund in 2011 at a value of $790 million. He has over 25 years of experience in the real estate industry, providing strategic advice in financial and capital markets activities. Prior to forming Parkbridge in 1997, he was Vice President at Rosebridge Capital Corporation, a private real estate advisory and investment company, from 1996 to 1997. From 1985 to 1996, he held progressively more responsible positions at Trizec Corporation, culminating in Vice President, Financial Services. He currently serves on the board of directors and audit committee of a private financial services company. He holds a Bachelor of Commerce from the University of Alberta, and a C.A. Designation.

Yazdi Bharucha

Mr. Yazdi J. Bharucha, C.A., ICD.D, is Independent Director of Genesis Land Development Corp. Mr. Bharucha was from May 1997 to September 2009 the Chief Financial Officer of Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), which is one of Canada’s largest owners of multi-family rental communities. His extensive experience in all aspects of real estate, including land development, is an invaluable asset to Genesis. Mr. Bharucha’s previous experience includes Vice President and Controller of MPI Group Inc., a real estate investment and development company. Previously, he also held the position of Controller of MICC Properties Inc., a real estate investment and development company, and was responsible for financial planning, accounting, reporting and management of real estate operations with Guaranty Properties Limited, a subsidiary of Guaranty Trust Company of Canada. Mr. Bharucha is a Chartered Accountant and holds the Institute Certified Director designation (ICD.D) from the Institute of Corporate Directors. Mr. Bharucha is also a director and Chair of the Audit Committee of Centric Health Corporation, TSX listed diversified public healthcare company. Mr Bharucha currently also serves as a Director of Alosinac Realty Trust, Rouge Valley Hospital System and Goodwill Industries Limited of Toronto.

Michael Brodsky

Mr. Michael B. Brodsky, B.A., J.D., M.B.A., is an Independent Director of Genesis Land Development Corp., since August 30, 2013. He is the Managing Partner of Vajra Asset Management, LLC, an investment management firm. He brings over 20 years of experience as an investor, manager and attorney. He has extensive experience in investment in, and the governance of public companies, as well as in corporate turnarounds and restructurings. He currently serves as Executive Chairman of Selectica, Inc. He is also currently a Chairman of the board of directors of Trans World Corporation Inc., as well as Lead Director of ID Systems, Inc. and is also a member of the board of JPS Industries, Inc. Past board positions include the board of directors of Churchill Downs Inc. where he served on the company’s Executive Committee. He also served on the board of directors of Youbet.com, Inc. where he was also its Chairman. Mr. Brodsky holds a B.A. from Syracuse University, a J.D. from the Northwestern University School of Law, and an M.B.A. from Northwestern University's J.L. Kellogg Graduate School of Management.

Mark Mitchell

Mr. Mark W. Mitchell, B.A., M.B.A. is an Independent Director of Genesis Land Development Corp. Mr. Mitchell currently serves as President of Reliant Capital Limited, a real estate finance company. He also serves as Chairman of the Canadian Constitution Foundation, Vice- Chairman of the Fraser Institute, and as Trustee of The W. Garfield Weston Foundation. Mr. Mitchell holds a B.A. (Distinction) in Economics from Stanford University and a M.B.A. from the Wharton School of the University of Pennsylvania.

Loudon Owen

Mr. Loudon Frank McLean Owen, B.A., J.D. M.B.A., is Independent Director of Genesis Land Development Corp., since March 22, 2013. Mr. Owen is a venture capitalist, international businessman, and lawyer. His career has spanned more than 25 years, during which he has both led and actively participated in the growth of a host of successful businesses, in addition to extensive charitable and non-profit activities. Mr. Owen currently serves on the boards of the following reporting issuers: Aureus Mining Inc. (TSX and AIM), Kilo Goldmines Inc. (TSX Venture Exchange and Frankfurt Exchange), and Posera-HDX Ltd. (TSX, Chair). He previously served on the board of Brookfield Development Corp. in the real estate industry. Mr. Owen holds a BA from the University of Toronto, a JD from Osgoode Hall Law School, Toronto and an MBA from INSEAD.