TEL-AVIV, Israel—Gazit-Globe, one of the world's leading multi-national real estate companies has appointed Adi Jemini chief financial officer and a member of its executive committee.
The appointment will take effect April 1 2016, following a comprehensive process of transition. Jemini is succeeding Gil Kotler, who is stepping down as the company's EVP and CFO after 18 years. Jemini, 37, a certified public accountant, has previously held several senior positions within the company. For the past three years he has served as chief of staff to the group's chairman and controlling shareholder, Chaim Katzman. Jemini has been actively involved with all the senior managements of the company's subsidiaries, as well as in M&A activity.
Previously, he served for almost three years as regional controller of Equity One Inc., Gazit-Globe's US subsidiary. In this position, he was responsible for the entire West Coast region as well as the South Florida region, with direct supervisory authority over the property management of more than 60 of Equity One's shopping centers with an aggregated worth of $1.7 billion and generating an annual net operating income (NOI) in excess of $100 million.
Prior to joining Gazit-Globe, Jemini worked for seven years in the audit and assurance enterprise risk services departments of the U.S. affiliate of the global accounting firm Deloitte & Touche LLP, where his last position was that of audit manager for international companies active principally in the real estate sector.
Jemini holds a bachelor of science degree in accounting and information systems from the Virginia Polytechnic Institute and State University (Virginia Tech), graduating summa cum laude in 2003.
“Adi is bringing a unique combination of knowledge and experience, together with a diverse skill set that complements the company's core businesses, including a thorough understanding of financial processes in global markets as well as practical operational experience in the shopping center industry, and especially deep knowledge and understanding of our subsidiaries,” said incoming CEO, Rachel Lavine. “I look forward to working together with Adi at this pivotal time in the company's growth.”
The firm has concurrently announced that Kotler will step down as the group's senior executive VP and CFO, after 18 years of dedicated service within the company. It is expected that Kotler will retire from his position on March 31, 2016, after having conducted an orderly handover of his responsibilities to Jemini.
“During his 18 years of outstanding service within the company, Gil has played a leading and crucial role in all of the most significant milestones in the company's history,” added Lavine. “His excellent professional abilities, together with his leadership qualities, have made him into one of the cornerstones of the company. ”
Gazit-Globe is one of the largest owners, developers and operators of predominantly supermarket-anchored shopping centers in major urban markets around the world.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
