|LEADERSHIP AND MANAGEMENT|
Board members are as follows:
Jacques du Toit (age 42) – Non-executive Chairman
Jacques has been on the Fairvest board as a non-executive director since October 2007. Jacques is a Chartered Financial Analyst and has been involved in the financial services industry since joining HSBC Simpson McKie as a stockbroker in 1998. He joined the portfolio management side at HSBC in 2003 and headed up the investment process until 2005 when he joined Investec Securities Limited as senior portfolio manager. In August 2008 he jointly set up a financial services company, Cohesive Capital. He serves as a director on the boards of a number of private companies.
Darren Wilder (age 45) – Chief Executive Officer
Darren worked for Seeff Properties in various positions from 1991 until 1997. During 1997 he was appointed to the board of the then JSE-listed company Capital Alliance Properties and was a participant in its management buy-out. Darren co-founded Spearhead Property Group and was part of the team that listed the company on the JSE. He was appointed COO in 1999. Darren’s work experience also includes national leasing director for Madison Properties, business development director of the V&A Waterfront and also a consultant to the chief executive officer of the V&A Waterfront.
Jacques Kriel (age 34) – Chief Financial Officer
Jacques was the CEO and financial director of Fairvest from February 2010 to November 2012. Jacques is qualified as a Chartered Accountant with experience in auditing at Ernst & Young London and he was prior to joining Fairvest responsible for the financial reporting of the United Kingdom's Foreign Currency Reserves at the Bank of England.
Adam Marcus (age 41) – Chief Operating Officer
Adam graduated in 1995 from the University of Cape Town with a BSc (CM) after which he joined Golding Commercial. During his time with Golding Commercial, he headed up the investment sales division, structuring investment and development transactions. During 1999, he founded Gateway Property Developments, which has a 12-year track record of delivering commercial property developments.
Martin Epstein (age 43) – Independent Non-executive Director
Martin has been in the property industry for over 15 years and has gained experience in both the development and investment sectors, with total projects exceeding R1 billion. Martin has grown a number of property businesses organically, having the skills and expertise to manage and maintain sizeable developments and property portfolios. Martin is the CEO of Blend Property Group, an asset and property management business.
Pieter van der Merwe (age 65) – Lead Independent Non-executive Director
Pieter has over 30 years' experience in senior management. Pieter is currently an executive director/owner of various companies in the local and international retail, packaging manufacturing, property development, chemical manufacturing, and residential and industrial property ownership and letting industries.
Louis Andrag (age 40) – Independent Non-executive Director
Louis obtained his BEng and MBA degrees from the University of Stellenbosch. He joined a private company in the agricultural industry in 1999 as divisional manager. He started his own property development and investment company in 2009. He serves as chairman and director on the boards of a number of private companies.
Keneilwe Moloko (age 45) – Independent Non-executive Director
Keneilwe is a Chartered Accountant and Quantity Surveyor and holds the qualifications CA(SA), BCom (UCT), BSc.QS (UCT) and Certificate in Financial Markets. Her experience includes serving as development executive at Spearhead Properties and as fixed interest analyst and member of the credit committee of Coronation Fund Managers. She serves as an independent non- executive director of KWV Holdings and Prescient Limited. She also serves on the Audit Committee of City of Cape Town, Cape Retirement Fund, Department of Rural Development and Department of Justice and Constitutional Development.
Fairvest is a property investment holding company and is listed in the “Real Estate Holdings and Development” sector of JSE Limited trading as a Real Estate Investment Trust (“REIT”). The conversion to a REIT is effective from 1 July 2013.
Fairvest’s investment property portfolio comprises 28 commercial properties and is currently valued at R774.8 million comprising 100,578 m2.