Multi Corporation announces Changes in Senior Leadership Team

Multi Corporation announces Changes in Senior Leadership Team

Netherlands, 19 June 2014

Multi announces Changes in Senior Leadership Team

Multi Corporation, a leading owner, manager and (re)developer of high quality shopping centers across Europe and Turkey, and since 2013, a portfolio company of real estate funds managed by Blackstone, announces the appointment of Anthony Myers as chairman of the supervisory board, effective June 1st.

Mr. Myers is a senior managing director at Blackstone and head of acquisitions for Blackstone Real Estate in Europe. Mr. Myers has been involved in a number of real estate investments in Europe, the US, and Latin America, across various asset classes. He also currently serves on the board of Gecina. The supervisory board of Multi Corporation now comprises Anthony Myers (chairman), Jan Meines, Dick van Well, as well as Bob Welanetz, James Seppala and Jonathan Lurie of Blackstone. Mr. Meines and Mr. van Well had previously chaired the supervisory board and the management board respectively, following the acquisition of Multi by Blackstone.

Jaap Blokhuis, CEO of Multi Corporation, said: “We are grateful for the leadership that Jan Meines and Dick van Well provided during the past year. I look forward to continuing to work with them, as well as with Anthony Myers and the other Blackstone directors as we position Multi as one of the leading pan-European asset managers for shopping centers by creating and revitalizing exciting destinations for local communities to shop and meet.”

In addition, Mark van den Berg, CFO of Multi Corporation, has informed the board of his intention to leave the company at the end of September in order to pursue other business activities. Frank de Moes, a former finance executive at Redevco and Huhtamaki Van Leer will join as interim CFO on 1st August while the company identifies a new CFO. The management board of Multi Corporation will then comprise Jaap Blokhuis (CEO), Heino Vink (COO) and Frank de Moes (interim CFO).

Jan Meines said: ”Mark van den Berg has played a vital role in stabilizing the company and positioning it for growth under new ownership. On behalf of the supervisory board, I wish to express our appreciation and gratitude for his commitment in this critical position. We have enjoyed working together and we wish Mark all the best in his future endeavors.”