Chief Executive Officer / CFO
The Board of Directors resolved to delegate the daily management of the Company to Mr. Refael Zamir, as Daily Manager (administrateur-délégué) of the Company, under the endorsed denomination (Zusatzbezeichnung) Chief Executive Officer (CEO) for an undetermined period. Mr. Zamir also serves as the Company's CFO.
Mr. Zamir is the Chief Executive Officer and CFO of Grand City Properties. Mr. Zamir has worked for the Group starting from 2013 and has 15 years of international experience in management, capital markets, finance and accounting. Before Mr. Zamir became the CEO, he served for 7 years as the Chairman of the Company’s board of directors and CFO. In addition, Mr. Zamir served for several years as manager for Ernst & Young in the real-estate and financial institutions sectors. Mr. Zamir is a CPA and holds a BA and MBA in finance and business administration.
Board of Directors
Before joining Grand City Mr. Windfuhr served as CEO of Maritim Hotels with 40 hotels inside and outside Germany. Prior to this he served as CEO of Mövenpick hotels, where he achieved the financial turnaround of the company, drove international expansion, publicly listed the company, and worked out a strategic partnership with Kingdom Holding (HRH Prince Alwaleed) and JP Morgan. He also served as Director of TUI, Europe’s largest tour operator. He served in high positions in Holiday Inn, Kempinski, and Southern Sun. Mr. Windfuhr graduated at Cornell University, USA.
Mrs. Runge is an Independent Director and member of the audit committee. Her past positions include Deal Manager (Director) at UBS Deutschland AG, Vice President Real Estate Finance / Investment Funds, Credit Manager at Dekabank Frankfurt and Credit Manager Real Estate Finance at Helaba Frankfurt. Mrs Runge-Brandner has a diploma in International Business Administration.
Mr. Malkin is an Independent Director and member of the audit committee. Before joining Grand City, he served as an independent Investment & Fund Manager of fixed income investment funds at Excellence Investment Bank. He holds a BA in Business Administration.
The Board of Directors established an Advisory Board to provide expert advice and assistance to the Board of Directors. The Board of Directors decides on the composition, tasks, and term of the Advisory Board as well as the appointment and dismissal of its members. The Advisory Board has no statutory powers under Luxembourg law or the articles of incorporation of the Company but applies rules adopted by the Board of Directors. The Advisory Board is an important source of guidance for the Board of Directors when making strategic decisions.
Mr. Gabay is the chairman of the Advisory Board. Before GCP, Mr. Gabay was chairman & managing partner of an investment company, which managed over $30 billion of assets, and before that he was the CEO of the investment banking of Bank Leumi. Mr. Gabay holds a MBA and BA in Accounting / Economics and is a CPA.
Prior to GCP, Mr. Jarczyk served as an Executive Director at Berlin Hyp Bank specializing in real estate financing with focus on international clients, as a Chief International Executive at Landesbank Berlin and as an International Division-Department Manager at Bayrische Vereinsbank Munich. Mr. Jarczyk holds a Dipl.Kfm. / MBA at Munich University.
Mr. David Maimon was the President and CEO of EL AL Airlines. Prior to that, Mr. Maimon was EVP of Customer Service, Commerce & Industry Affairs Sales & Marketing in EL AL Airlines and also served as a Director in various commercial companies such as Leumi Gemel Ltd, Hever and Sun D'Or International Airlines. Mr. Maimon holds an MBA.