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United States

VEREIT Inc (VER.N)

VER.N on New York Stock Exchange

6.74USD
21 Feb 2018
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Summary

Name Age Since Current Position

Hugh Frater

61 2015 Non-Executive Independent Chairman of the Board

Glenn Rufrano

67 2015 Chief Executive Officer, Director

Michael Bartolotta

59 2015 Chief Financial Officer, Executive Vice President

Paul McDowell

57 2015 Chief Operating Officer, Executive Vice President

Thomas Roberts

58 2015 Executive Vice President, Chief Investment Officer

Lauren Goldberg

49 2015 Executive Vice President, General Counsel, Secretary

William Miller

47 2015 Executive Vice President - Investment Management

David Henry

69 2015 Independent Director

Mary Hogan Preusse

48 2017 Independent Director

Richard Lieb

57 2017 Independent Director

Mark Ordan

58 2015 Independent Director

Eugene Pinover

69 2015 Independent Director

Julie Richardson

53 2015 Independent Director

Biographies

Name Description

Hugh Frater

Mr. Hugh R. Frater is Non-Executive Independent Chairman of the Board of the Company. He previously served on the Board’s Audit Committee and Nominating and Corporate Governance Committee from April 2015 to September 2015. From April 2014 to December 2015, Mr. Frater served as Chairman of Berkadia Commercial Mortgage LLC (“Berkadia”), an industry-leading commercial real estate company that is owned 50% by Berkshire Hathaway Inc. and 50% by Leucadia National Corporation, which provides comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Mr. Frater formerly served as Berkadia’s Chief Executive Officer from August 2010 until April 2014. From November 2007 until June 2010, Mr. Frater was the Chief Operating Officer at Good Energies, Inc. and from February 2004 until May 2007, Mr. Frater was Executive Vice President at PNC Financial Services, where he led the real estate division. From August 1988 until February 2004, he was a Founding Partner and Managing Director of BlackRock, Inc., the largest global investment manager, where he also led the real estate practice. Mr. Frater has served on the Board of Directors of the Federal National Mortgage Association (Fannie Mae) since January 2016. Mr. Frater has also been active in industry affairs, having served on the Board of Directors of the Mortgage Bankers Association (“MBa”) as Vice Chair of the MBa sponsored Government-Sponsored Enterprise (“GSE”) Task Force, as a Chair of the MBa Affordable Rental Housing Task Force and as a member of the MBa Audit Committee. He has also served on the Real Estate Advisory Board at the Columbia University Graduate School of Business since 2004 and on its Board of Overseers since 2015. He has a Master of Business Administration from the Columbia University Graduate School of Business and has a Bachelor’s Degree from Dartmouth College.

Glenn Rufrano

Mr. Glenn J. Rufrano is Chief Executive Officer, Director of the Company. Mr. Rufrano has served and continues to serve as a director of Ventas, Inc., a publicly traded senior housing and healthcare real estate investment trust (“REIT”), since June 2010 and of O’Connor Capital Partners, a privately-owned, independent real estate investment, development and management firm that he co-founded, since October 2013. He served as Chairman and Chief Executive Officer of O’Connor Capital Partners from November 2013 through March 2015. He also served as a director for Columbia Property Trust, Inc., a publicly traded commercial real estate REIT, from January 2015 until March 2015. Previously, Mr. Rufrano was President and Chief Executive Officer of Cushman & Wakefield, Inc., a privately-held commercial property and real estate services company, and a member of its Board of Directors from March 2010 to June 2013. From January 2008 through February 2010, he served as Chief Executive Officer of Centro Properties Group, an Australian-based shopping center company, and from April 2007 through January 2008, Mr. Rufrano served as Chief Executive Officer of Centro Properties Group U.S. From 2000 until its acquisition by Centro Properties Group in April 2007, he served as Chief Executive Officer and director of New Plan Excel Realty Trust, a commercial retail REIT. He presently serves on the Board of New York University’s Real Estate Institute. Mr. Rufrano received his Bachelor’s Degree in Business Administration from Rutgers University and his Masters of Science degree in Management and Real Estate from Florida International University.

Michael Bartolotta

Mr. Michael J. Bartolotta , CPA, is Chief Financial Officer, Executive Vice President of the Company. Mr. Bartolotta previously served as Executive Vice President and Chief Financial Officer of Cushman & Wakefield Inc. (“Cushman”), a global leader in commercial real estate services, from February 2012 until September 2015. Mr. Bartolotta also served on Cushman’s Board of Directors and served as Chairman of the Audit Committee from March 2007 until he assumed his position as Executive Vice President and Chief Financial Officer of Cushman in February 2012. Before becoming Cushman’s Chief Financial Officer, Mr. Bartolotta served as Vice President and Chief Financial Officer for EXOR, Inc., the U.S. arm of EXOR S.p.A. from 1991 to February 2012. Mr. Bartolotta has a Bachelor of Science degree in Accounting from New York University and is a Certified Public Accountant in New York.

Paul McDowell

Mr. Paul H. McDowell is Chief Operating Officer, Executive Vice President of the Company. Mr. McDowell served as the Company’s Co-Head, Real Estate from January 2015 to September 2015 and the Company’s President, Office and Industrial Group from November 2013 until December 2014. Prior to joining the Company, Mr. McDowell was a founder of CapLease Inc. (“CapLease”), a publicly traded net-lease REIT, where he served as Chief Executive Officer from 2001 to 2014 and as Senior Vice President, General Counsel and Secretary from 1994 until 2001. Mr. McDowell served on the CapLease Board of Directors from 2003 to 2014 and was elected Chairman of the Board in December 2007. He served on the Board of Directors of CapLease’s predecessor from 2001 until 2004. From 1991 until 1994, Mr. McDowell was corporate counsel for Sumitomo Corporation of America, the principal U.S. subsidiary of one of the world’s largest integrated trading companies. From 1987 to 1990, Mr. McDowell was an associate in the corporate department at the Boston law firm of Nutter, McClennen & Fish LLP. He received his Juris Doctor with honors from Boston University School of Law in 1987, and received a Bachelor of Arts from Tulane University in 1982.

Thomas Roberts

Mr. Thomas W. Roberts is Executive Vice President, Chief Investment Officer of the Company. Previously he served as the Company’s Executive Vice President, Real Estate from the Company’s acquisition of Cole Real Estate Investments, Inc., a publicly traded Maryland corporation (“Cole”), until October 2015. During his tenure at Cole and the Company, which began in 2009, he was responsible for the acquisition and disposition of over $25 billion of office, industrial and retail properties. Mr. Roberts is a 30-year veteran of the real estate industry. Prior to joining Cole, Mr. Roberts served as President and Chief Executive Officer of Opus West Corporation (“Opus”), a Phoenix-based real estate developer, from March 1993 until May 2009. During his career at Opus, he was responsible for the design, construction and development of more than 50 million square feet of commercial real estate valued in excess of $8 billion. In July 2009, Opus filed for Chapter 11 bankruptcy protection. From 1986 until 1990, Mr. Roberts worked as Vice President, Real Estate Development for the Koll Company. Mr. Roberts earned a Bachelor of Science degree in Finance with a specialization in real estate from Arizona State University.

Lauren Goldberg

Ms. Lauren Goldberg is Executive Vice President, General Counsel, Secretary of VEREIT, Inc. Ms. Goldberg has served as the Company’s Executive Vice President, General Counsel and Secretary since May 2015. Prior to joining the Company, Ms. Goldberg served as Executive Vice President, General Counsel and Chief Compliance Officer for global cosmetics company, Revlon, Inc. from March 2011 through December 2013. Ms. Goldberg served as Senior Vice President - Law for MacAndrews & Forbes Inc. from November 2009 until February 2011, and as an Assistant United States Attorney for the United States Attorney’s Office in the Southern District of New York, from October 2000 until October 2009. Prior to her service in the U.S. Attorney’s Office, Ms. Goldberg worked as an associate with Stillman & Friedman, P.C. and with Fried, Frank, Harris, Shriver & Jacobson LLP. Ms. Goldberg also has prior accounting experience as an associate at Coopers & Lybrand. She received her Juris Doctor from Columbia Law School and her undergraduate degree in accounting from the Wharton School, University of Pennsylvania.

William Miller

Mr. William C. Miller is Executive Vice President - Investment Management of VEREIT, Inc. Mr. Miller provides strategic direction and oversees all aspects of investment management for our Cole Capital® business segment, including product development, external and internal sales, marketing, broker-dealer relations, due diligence and securities operations. Mr. Miller previously served as Senior Vice President and Chief Sales Officer of Cole Capital from March 2015 through June 2015. Mr. Miller has been in the financial services business for more than 20 years and has extensive leadership experience in capital markets, real estate and distribution. Prior to joining Cole Capital, he served as Senior Vice President and Director of National Accounts for American Funds, from July 2012 until March 2015, where he was responsible for leading business development, strategy and relationship management efforts for the retail wire/regional broker dealers, as well as the global banking channel in the United States. In addition to his experience at American Funds, Mr. Miller previously served as Executive Vice President and Managing Director of National Products for Realty Capital Securities, LLC from May 2010 until June 2012, as Executive Vice President and Chief Sales Officer for AXA Equitable Distributors from 2006 until 2010, and in senior leadership roles for Lincoln Financial Distributors from 2003 until 2006. Mr. Miller is a graduate of Hobart College. He holds Financial Industry Regulatory Authority (FINRA) Series 7 and 24 licenses.

David Henry

Mr. David B. Henry is Independent Director of Company. Mr. Henry has served as an independent director of the Company and as a member of the Board’s Audit Committee and as Chairperson of the Board’s Nominating and Corporate Governance Committee since September 2015. Mr. Henry served as Chief Executive Officer of Kimco Realty Corporation (“Kimco”), a publicly traded REIT, from December 2009 to January 2016 and Vice Chairman of Kimco from May 2001 to January 2016. Before joining Kimco in April 2001, Mr. Henry served in various capacities at GE Capital Real Estate (“GE”) from 1978 to 2001, including as GE’s Senior Vice President and Chief Investment Officer from 1998 to 2001. Mr. Henry also served as Chairman of GE’s Investment Committee and as a member of its Credit Committee. Prior to joining GE, Mr. Henry served as Vice President for Republic Mortgage Investors, a mortgage REIT, from 1973 to 1978. Mr. Henry has served on the Board of Directors of HCP, Inc., a publicly traded REIT, since January 2004, on the Board of Directors of Fairfield County Bank, a private Connecticut mutual savings bank, since July 2010, on the Board of Directors of Columbia Property Trust, Inc., a REIT that owns and operates commercial office properties, since January 2016, and on the Board of Directors of Tanger Factory Outlet Centers, Inc., a real estate company that owns the chain Tanger Outlets, since January 2016. Mr. Henry is a trustee of the International Council of Shopping Centers (“ICSC”) and served as its Chairman from 2011 to 2012. Mr. Henry served as the Vice-Chairman of the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”), ending his term on December 31, 2015, and serves on the real estate advisory boards of New York University and Baruch College.

Mary Hogan Preusse

Ms. Mary Hogan Preusse is Independent Director of the Company. Ms. Hogan Preusse is a Managing Director and Co-Head of Americas Real Estate for APG Asset Management US (“APG”), the manager of pension assets on behalf of Dutch citizens, which she joined in 2000 and has announced she will be leaving in early May 2017. At APG, she is responsible for managing the firm’s public real estate investments in North and South America, which total $13 billion in assets, and she is a member of the firm’s Executive Board. At APG, she served as Senior Portfolio Analyst and Portfolio Manager, US Real Estate from 2000 through 2004 and as Senior Portfolio Manager, North American Real Estate from 2004 through 2008. Prior to joining APG in 2000, Ms. Hogan Preusse spent eight years as a sell side analyst covering the REIT sector, and she began her career at Merrill Lynch as an investment banking analyst. Ms. Hogan Preusse has also served as an independent director of Kimco since February 2017. She serves on NAREIT’s Investor Advisory Council and is a member of the Real Estate Advisory Board for the Carey Business School at Johns Hopkins University. Ms. Hogan Preusse graduated from Bowdoin College in Brunswick, Maine with a degree in Mathematics in 1990 and is a member of Bowdoin’s Board of Trustees.

Richard Lieb

Mr. Richard J. Lieb is Independent Director of the Company. Mr. Lieb serves as Managing Director and Chairman of Real Estate at Greenhill & Co., LLC (“Greenhill”), a publicly traded independent investment banking firm which he joined in 2005. He served as Greenhill’s Chief Financial Officer from 2008 to 2012 and also served as a member of the firm’s Management Committee from 2008 to 2015. Mr. Lieb has also served during his tenure at Greenhill as head of the firm’s Restructuring business and as head of North American Corporate Advisory. Prior to joining Greenhill in 2005, Mr. Lieb spent more than 20 years with Goldman Sachs & Co., where he headed that firm’s Real Estate Investment Banking Department from 2000 to 2005. Mr. Lieb has also served on the Board of Directors of CBL & Associates Properties, Inc., a publicly traded REIT focused on middle market regional malls, since February 2016 and on the Board of Directors of AvalonBay Communities, a publicly traded REIT focused on apartment communities, since September 2016. Overall, Mr. Lieb has more than 30 years of experience focusing on advisory opportunities in the real estate industry. Mr. Lieb is licensed with FINRA and holds Series 7, Series 63 and Series 24 licenses. Mr. Lieb is an active member of the American Jewish Committee (AJC) and served as a member of Wesleyan University’s Career Advisory Counsel from 2007 through 2012. He holds a Bachelor of Arts degree from Wesleyan University and a Master of Business Administration degree from Harvard Business School.

Mark Ordan

Mr. Mark S. Ordan is Independent Director of VEREIT, Inc. He served as a member of the Board’s Nominating and Corporate Governance Committee from June 2015 to September 2015. Mr. Ordan has served as the Chief Executive Officer of Quality Care Properties, Inc., a spin-off of HCP, Inc., and a publicly traded healthcare services provider, since October 31, 2016. Previously, Mr. Ordan was the Executive Chairman of Washington Prime Group, from January 15, 2015 until January 1, 2016, when he transitioned to Non-Executive Chairman of the Board through June 2016, and has served as a director since May 2014. From January 2013 to November 2013, Mr. Ordan served as the Chief Executive Officer and director of Sunrise Senior Living, LLC, the successor to the management business of Sunrise Senior Living, Inc. (“Sunrise”), a publicly traded operator of approximately 300 senior living communities located in the United States, Canada and the United Kingdom prior to its sale in January 2013 to Health Care REIT, Inc. Mr. Ordan served as Sunrise’s Chief Executive Officer from November 2008 to January 2013, and as a director from July 2008 to January 2013. He served as the Chief Executive Officer and President of The Mills Corporation, a publicly traded developer, owner and manager of a diversified portfolio of regional shopping malls and retail entertainment centers, from October 2006 to May 2007, as its Chief Operating Officer from February 2006 to October 2006 and as a director from December 2006 until May 2007. Prior to that, he served as President and Chief Executive Officer of Balducci’s LLC, a gourmet food store chain. He also founded and served as Chairman, President and Chief Executive Officer of Fresh Fields Markets, Inc., an organic foods supermarket chain, eventually leading the merger of the company with Whole Foods Markets, Inc.

Eugene Pinover

Mr. Eugene A. Pinover is Independent Director of VEREIT, Inc. Mr. Pinover has been a partner with DLA Piper in New York City since May 2016 and is chair of its New York Real Estate practice. He also serves on the firm’s global real estate steering committee. Previously, Mr. Pinover was Of Counsel and Co-Chair of the Real Estate Department of Willkie Farr & Gallagher LLP (“Willkie”) and practiced law with Willkie from May 1992 until April 2016. Prior to joining Willkie, Mr. Pinover practiced law at Kaye Scholer LLP from 1973 to 1992. Mr. Pinover is a member of the American College of Real Estate Lawyers, the Association of the Bar of the City of New York, the American Bar Association, the Association of Foreign Investors in Real Estate and ICSC. Mr. Pinover is the President of the Board of Directors of Steep Rock Association, a land trust in Connecticut, and has served on its Board of Directors since June 2008. Mr. Pinover also has served as a member of the Board of Directors of New Alternatives for Children, a New York-based social service organization, since September 2006. Mr. Pinover received his Juris Doctor from the New York University School of Law and his Bachelor of Arts from Dartmouth College, both cum laude.

Julie Richardson

Ms. Julie G. Richardson is an Independent Director of VEREIT, Inc. From November 2012 to October 2014, She was a senior advisor to Providence Equity Partners LLC (“Providence Equity”), a global asset management firm with over $40 billion in assets under management. From April 2003 to November 2012, she was a Partner and Managing Director at Providence Equity, and oversaw the firm’s New York office. While at Providence Equity, her responsibilities included leading the initiation and execution of deals, and optimizing operating results and strategic positioning of portfolio companies throughout Providence Equity’s ownership period. Prior to Providence Equity, Ms. Richardson served as Global Head of JP Morgan’s Telecom, Media and Technology Group, and was previously a Managing Director in Merrill Lynch & Co.’s investment banking group. Ms. Richardson has served on the Board of Directors of The Hartford Financial Services Group, Inc., an insurance and financial services company, since January 2014 and on the Board of Directors of Arconic, Inc., a publicly traded manufacturer in the aerospace and automobile industries, since November 2016. She received a Bachelor of Business Administration from the University of Wisconsin-Madison.

Basic Compensation

Name Fiscal Year Total

Hugh Frater

359,586

Glenn Rufrano

8,222,060

Michael Bartolotta

2,105,600

Paul McDowell

1,955,440

Thomas Roberts

2,348,890

Lauren Goldberg

1,825,170

William Miller

2,315,180

David Henry

229,408

Mary Hogan Preusse

--

Richard Lieb

--

Mark Ordan

215,468

Eugene Pinover

213,018

Julie Richardson

235,087
As Of  30 Dec 2016