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United States

Urstadt Biddle Properties Inc (UBP)

UBP on New York Consolidated

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29 Mar 2017
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Summary

Name Age Since Current Position

John Hayes

50 2008 Chief Financial Officer, Senior Vice President, Treasurer

Stephan Rapaglia

46 2015 Chief Operating Officer, Senior Vice President - Real Estate, Counsel and Assistant Secretary

Kevin Bannon

64 2015 Director

George Lawrence

79 1988 Director

Robert Mueller

75 2016 Director

Catherine Biddle

53 2016 Independent Director

Willing Biddle

55 2016 Independent Director

Noble Carpenter

55 2016 Independent Director

Bryan Colley

61 2015 Independent Director

Richard Grellier

56 2011 Independent Director

Charles Urstadt

88 2016 Independent Director

Charles Urstadt

57 2016 Independent Director

Laura Santangelo

2017 IR Contact Officer

Biographies

Name Description

John Hayes

Mr. John T. Hayes is Chief Financial Officer, Senior Vice President, Treasurer of the Company. Mr. Hayes served the Company as Vice President and Controller from March 2007 to June 2008. Prior to joining the Company, he served as Corporate Controller for Laundry Capital, LLC (2003–2007). Previously, Mr. Hayes practiced public accounting for over 10 years.

Stephan Rapaglia

Mr. Stephan A. Rapaglia is the Chief Operating Officer, Senior Vice President - Real Estate, Counsel and Assistant Secretary of Urstadt Biddle Properties Inc., effective January 1, 2014. He has served the Company as Chief Operating Officer since January 2014. He also serves as Senior Vice President, Real Estate Counsel and Assistant Secretary of the Company. Mr. Rapaglia joined the Company in 2008 as Vice President and Real Estate Counsel and subsequently was elected Assistant Secretary in 2009 and Senior Vice President in 2012. Prior to joining the Company, Mr. Rapaglia practiced law in the private sector.

Kevin Bannon

Mr. Kevin J. Bannon is Director of the Company. He Mr. Bannon was a Managing Director of Highmount Capital in New York. Between 1993 and 2007, Mr. Bannon served as Executive Vice President and Chief Investment Officer of The Bank of New York. Mr. Bannon currently serves as a director of the Prudential Retail Mutual Funds and Prudential’s closed-end funds, as the Chairman of the Audit Committee for the Prudential Funds, as a member of the Investment Committee of the BNY Mellon Alcentra Mezzanine Partners Funds and Alcentra Capital Corp., as a director of the Boys and Girls Club of Northern Westchester, as a director of the Hundred Year Association of New York, and as a director of Kensico Cemetery. Previously, Mr. Bannon served as President, BNY Hamilton Funds (2003–2007); Trustee, Regis High School (1997–2003); and Director, Shorewood Packaging Corporation (1992–2000). Mr. Bannon has over 30 years of extensive investment, risk management and executive leadership experience, including service in senior investment, planning and finance positions as Executive Vice President and Chief Investment Officer of The Bank of New York. In addition,

George Lawrence

Mr. George H.C. Lawrence is Director of the Company. Mr. Lawrence currently serves as President and Chief Executive Officer of Lawrence Properties, Inc., a real estate management company (since 1970), and has previously served as President of the Westchester County Association, and as Director (1976–2013) and Chairman (2007–2013) of Kensico Cemetery. Mr. Lawrence is an Honorary Trustee of Sarah Lawrence College and Trustee Emeritus of the Fund for American Studies.Currently President and Chief Executive Officer of Lawrence Properties, Mr. Lawrence has over 40 years of experience in real estate investment, management, finance and policy-making. As a director of the Company for more than 20 years, he has been an active contributor to the Company’s growth, and continues to add to the strength of the Board with his deep understanding of the Company’s history and values, and practical understanding of real estate management and operations, all of which adds to his role as Chairman of the Compensation Committee.

Robert Mueller

Mr. Robert J. Mueller is Director of the Company. Mr. Mueller previously served as Senior Executive Vice President of The Bank of New York (1991–2004), as Executive Vice President of The Bank of New York (1989–1991), and as a member of Battery Park City Authority (2005–2012). From 1992 to 1998, Mr. Mueller served as Chief Credit Policy Officer of The Bank of New York, with responsibilities as head of worldwide risk management. From 1998 to 2004, his responsibilities included the bank’s global trading operations, commercial real estate lending, regional commercial banking, community development, residential mortgage lending and equipment leasing. He was also a member of the bank’s Senior Planning Committee. Mr. Mueller currently serves on the Boards of the Emigrant Savings Bank, Danita Container, Inc., and Reverse Mortgage Investment Trust, Inc. He is Director Emeritus of the Borough of Manhattan Community College Fund. He is also a trustee of Brewster Academy in Wolfeboro, New Hampshire. Previously, Mr. Mueller served as a director of Community Preservation Corp. (1992–2013). Mr. Mueller is a seasoned veteran in the world of commercial real estate and finance, having served in various executive roles and as a director of a number of publicly traded corporations. Immediately prior to joining the Board of Directors of the Company, Mr. Mueller served for more than 15 years in various executive capacities at The Bank of New York. His extensive experience in both finance and real estate have provided Mr. Mueller with the leadership, strategic planning, risk management and operational experience that is sought after in public company directors, as well as a deep understanding of finance and accounting that is critical to service as Chairman of the Company’s Audit Committee.

Catherine Biddle

Mrs. Catherine U. Biddle is an Independent Director of the Company. Mrs. Biddle is currently Executive Vice President, Secretary and a director of Urstadt Property Company, Inc. and Executive Vice President and Secretary of Two Park Place Corp., each a real estate investment corporation unrelated to the Company. Mrs. Biddle also serves as Director, Kensico Cemetery. Mrs. Biddle previously served as Trustee, Historic Hudson Valley (2012–2014), and as an officer in The Bank of New York’s Commercial Real Estate Finance Division (1989–1993). Mrs. Biddle brings to the Board valuable experience in the real estate sector, as well as many years of experience serving on both private company and not-for-profit boards. In addition to her current positions as Executive Vice President and Director of Urstadt Property Company, Inc. and Executive Vice President of Two Park Place Corp., Mrs. Biddle has a commercial real estate banking background and possesses strong familiarity with properties in the Company’s core geographic area and the markets within which they are located. The combination of her current and past professional experiences, together with her real estate expertise, particularly in the Company’s core geographic areas, has enabled her to contribute immensely to the Board’s understanding of the Company’s core markets and add strategic insight into the Company’s operations.

Willing Biddle

Mr. Willing L. Biddle is an Independent Director of the Company. He has served as a director of the Company since 1997, as Chief Executive Officer since July 2013 and as President since December 1996. Previously, Mr. Biddle served the Company in other executive capacities, including Chief Operating Officer (1996–2013), Executive Vice President (March 1996–December 1996), Senior Vice President–Management (1995–1996), and Vice President–Retail (1993–1995). In addition, Mr. Biddle formerly served as an Advisory Director of the Putnam Trust Company (2002–2008). Mr. Biddle brings to the Company more than 30 years of experience in commercial real estate, real estate finance and leasing. Prior to his appointment as Chief Executive Officer, Mr. Biddle served in various executive management positions within the Company for more than 20 years, including as President and Chief Operating Officer for 17 years. Through these roles, Mr. Biddle developed extensive knowledge of the real estate markets in which the Company operates and strong relationships with retailers and other property owners, which are critical to the Company’s business. Through his hands-on management approach, Mr. Biddle has a comprehensive understanding of the Company’s operations, which places him in a unique position to share valuable insights with the Board and bring strategic leadership and long-term vision to the Company.

Noble Carpenter

Mr. Noble O. Carpenter JR., is Independent Director of the company. He is currently President, Investor Services & Capital Markets, Americas for Cushman & Wakefield, a commercial real estate services company. He is also a member of Cushman & Wakefield’s Americas Executive Committee and the Global Capital Markets Steering Committee. Prior to the merger of DTZ and Cushman & Wakefield in September 2015, Mr. Carpenter was President of DTZ’s America Capital Markets team. Mr. Carpenter came to join DTZ as the result of a merger with Cassidy Turley, where he led the Strategic Accounts initiative, providing tailored, creative solutions and consistent best practices to 25 of the firm’s largest institutional investor clients. Prior to joining Cassidy Turley in 2011, Mr. Carpenter spent more than 20 years at Jones Lang LaSalle Incorporated, a professional services and investment management company specializing in real estate, where he was an International Director in the Capital Markets Group. While there, he held senior transactional and leadership roles and worked closely with public and private institutional investors, developers and opportunity funds. As a seasoned executive in the real estate industry, Mr. Carpenter has nearly 30 years of experience in commercial real estate, with broad knowledge of the national real estate market, as well as specific knowledge of the local New York City market. In particular, his extensive knowledge of real estate brokerage and financing enables Mr. Carpenter to offer valuable insight with respect to the Company’s financing strategy.

Bryan Colley

Mr. Bryan O. Colley is AN Independent Director of the Company. He is currently a principal of a number of entities including, among others, Benchris, Inc., Bryan C. Limited Partnership and McMontebello LLC, which collectively operate numerous McDonald’s restaurants. Mr. Colley is the founder and Chairman (since 2000) of Ronald McDonald House of the Greater Hudson Valley. He also serves as a director of Country Bank (since 1988), where he is a member of the Examining (Audit), Executive, Compliance, and Compensation Committees. Mr. Colley previously served as a director of Tosco Funding Corporation (1996-2001) and Tosco Capital Corporation (1995-2001). As both an attorney and businessman, Mr. Colley has over 35 years of experience owning, managing, operating and/or leasing commercial properties and restaurant enterprises, all skills that are value to the Board. In particular, his extensive knowledge of franchising, a business model employed by many of the Company’s tenants, enables Mr. Colley to offer valuable insight with respect to the Company’s leasing strategy and its understanding of the industries in which the Company’s tenants operate. Mr. Colley also brings valuable insight into the local business markets, given his decades of experience as a business executive in the New York City tri-state area.

Richard Grellier

Mr. Richard Grellier is Independent Director of the Company. Mr. Grellier is currently a Managing Director of Deutsche Bank Securities Inc., where he oversees capital market transactions, with a particular emphasis on REITs and real estate operating companies. Prior to joining Deutsche Bank, Mr. Grellier was a project manager for a developer, builder and operator of hospitality-related projects in the New York Metropolitan area where he focused on waterfront development and construction. He previously served as a member of the Company’s Board of Consultants from 2002 to 2010. Mr. Grellier brings to the Board more than 25 years of real estate experience, including over 20 years as a real estate investment banker, specialized knowledge of the retail REIT sector and extensive experience in capital markets solutions. This experience, together with his educational background, has provided Mr. Grellier with the kinds of skills in risk management, strategic planning and capital markets that are valued by the Board, as well as the financial knowledge that is essential to his role on the Audit Committee.

Charles Urstadt

Mr. Charles J. Urstadt is an Independent Director of the Company. Mr. Urstadt served as Chief Executive Officer of the Company from 1989 through June 2013. He also serves as Chairman and Director of Urstadt Property Company, Inc., a real estate investment corporation unrelated to the Company. Previously, Mr. Urstadt served as Governor, Lawrence Hospital Center (2009–2014), and Trustee, Historic Hudson Valley (1998–2012). He is Retired Founding Chairman, Battery Park City Authority; Retired Advisory Director, Putnam Trust Company; Trustee Emeritus, Pace University; and Retired Trustee, TIAA-CREF. Mr. Urstadt has devoted a lifetime to real estate endeavors in both the public and private sectors, through which he has accumulated a wealth of real estate investment, policy-making, risk management, executive leadership, strategic planning and operations experience, as well as a strong business acumen. As a director of the Company since 1975 and its Chief Executive Officer from 1989 through June 2013, Mr. Urstadt has been instrumental in the growth of the Company and was the driving force behind the development of the Company’s current business model. Together with the Chief Executive Officer, he is responsible for overall management of the Company’s business. As such, Mr. Urstadt is uniquely positioned to provide critical insight concerning operations, strategic and financial planning, and risk management. As Chairman, he also provides strategic vision to the Company.

Charles Urstadt

Mr. Charles D. Urstadt is Independent Director of the Company. Mr. Urstadt is currently President and Director of Urstadt Property Company, Inc., a real estate investment corporation, which is not related to the Company. Mr. Urstadt previously served as Director, Miami Design Preservation League (2008–2016); Director, Friends of Miami Marine Stadium, Inc. (2011-2015); Managing Director of Urstadt Real Estate LLC (2008–2014); Executive Director of Sales, Halstead Property LLC (2007–2009); Executive Vice President, Brown Harris Stevens, LLC (1992–2001); Publisher, New York Construction News (1984–1992); Member, Board of Consultants of the Company (1991–1997); Director, Friends of Channel 13 (1992–2001); Board Member, New York State Board for Historic Preservation (1996–2002); President and Director, East Side Association (1994–1997); and Director, New York Building Congress (1988–1992). Mr. Urstadt brings a wealth of real estate and business experience from his current position as President and Director of Urstadt Property Company, Inc. This real estate enterprise represents the culmination of over 30 years of experience in real estate sales and leasing brokerage, property management and corporate policy-making. Mr. Urstadt also brings to the Board his experience serving on a variety of private company boards. The Board draws on Mr. Urstadt’s experience and real estate acumen for insights into the real estate industry and for strategic direction on the Company’s operations.

Laura Santangelo