He thus ends a term during which he took the assets of the fund to almost EUR1.5 billion, investing most of the money in Romania.
Another member of the management to have resigned alongside Slabbert is chief operating officer Victor Semionov, according to a release sent to the Stock Exchange on Friday August 7. Semionov is the partner with whom Slabbert established the fund in 2007.
The fund is listed in London, Johannesburg and Bucharest. NEPI’s market capitalization in Bucharest is 14.4 billion lei (EUR3.2 billion). Its properties in Romania include Mega Mall, Promenada, Vulcan Value Center (Bucharest), City Park Constanta, Ploiesti Shopping City, Braila Mall, Galati Shopping City.
Executive director Alexandru Morar was appointed chief executive officer to replace Slabbert.
Slabbert, 44, collected EUR267,000 payment (EUR22,000 per month) for his CEO position last year, while Victor Semionov got EUR134,000 (EUR11,000 per month), according to the annual report.
Martin Slabbert could not be reached by ZF for comment on Sunday, while Victor Semionov answered ZF’s call for comment on the departure.
“I resigned together with Martin Slabbert to pursue another business. We put together a team of 200 people at NEPI and the company has never been in a better position. Now, if NEPI puts up an ad a 9 a.m., it can raise several hundred million euros on the London Stock Exchange by 12 p.m.,” Semionov said.
(English version by Loredana Fratila-Cristescu)