South African investment fund NEPI (New Europe Property Investments) appointed Alex Morar as its new CEO, according to company representatives. Morar will coordinate the operations of the fund along with CFO Mirela Covasa and executive director Tiberiu Smaranda.
The change comes with the unanimous decision of the board, following the decision of Martin Slabbert and Victor Semionov to focus on developing new businesses.
Alex Morar has been a part of NEPI management since its establishment in 2007. Having experience in working in the area of investment, management and real estate, he held several roles during his 8 years in the company. In recent years, his role in NEPI was to coordinate investments and some of the operational processes. With the new mandate, Alex Morar’s mission is to continue to expand and strengthen NEPI’s position on the investment market, especially in retail.
NEPI is a company listed on the Johannesburg Stock Exchange Limited main market (JSE), the Bucharest Stock Exchange (BVB), and the Alternative Investment Market (AIM) in London.
NEPI portfolio includes Mega Mall, Promenada Mall, Vulcan Value Centre, Ploiesti Shopping City, Braila Mall, Galati Shopping City, Shopping City Targu-Jiu and other shopping centres throughout the country, but also in Serbia and Slovakia. NEPI also owns office buildings Floreasca Business Park, The Lakeview in Bucharest and Timisoara City Business Centre.