Board

There are seven Directors on the Board of Hibernia REIT plc.

The five non-executive Directors are Daniel Kitchen (Chairman), Colm Barrington, Stewart Harrington, William Nowlan and Terence O’Rourke all of whom, with the exception of William Nowlan, are regarded as independent.

The two executive Directors are Kevin Nowlan (CEO) and Tom Edwards-Moss (CFO).

Daniel Kitchen

Chairman

Daniel Kitchen is currently the non-executive Chairman of Workspace Group plc and Applegreen plc and a non-executive director of LXB Retail Properties plc, as well as the ISE-nominated director on the Irish Takeover Panel. Previously, he was finance director of Green Property plc from 1994 to 2002, the Irish Government-appointed Chairman of Irish Nationwide Building Society, deputy chief executive of Heron International plc from 2003 to 2008 and a non-executive director of Kingspan Group plc and Minerva plc. He brings the benefit of his expertise and the experience gained across a variety of property, finance and public company roles to his chairmanship of the Board and Nominations Committee.

Colm Barrington

Colm Barrington is currently chief executive officer and a director of Fly Leasing Ltd, the NYSE-listed and Irish based aircraft leasing company and a non-executive director of IFG Group plc. He was non-executive Chairman of Aer Lingus Group plc from 2007 until Aer Lingus was sold to International Airlines Consolidated Group in September 2015. Previously he was managing director of Babcock & Brown Ltd in Ireland, president of GE Capital Aviation Services Ltd, chief operating officer of GPA Group plc and chief executive of GPA’s Capital Division. Colm’s senior executive and non-executive board roles add significant experience to the Board from outside the property sector and within the context of a public company.

Tom Edwards-Moss

CFO

Tom Edwards-Moss joined the Board of Hibernia as Chief Financial Officer in November 2015, following the internalisation of the Investment Manager. Prior to this he held the same role in the Investment Manager since joining in June 2014. Previously he spent nine years at Credit Suisse in the UK & Ireland Investment Banking team. While there, he had a particular focus on corporate finance in the property sector and he advised on the initial public offering of Hibernia REIT. He is a graduate of Cambridge University and qualified as a chartered accountant at PricewaterhouseCoopers in 2005.

Stewart Harrington

Stewart Harrington is currently a director of Killeen Properties and a non-executive director of the parent company of the BWG Group, Stafford Holdings and Argentum Homes. He has extensive knowledge and experience of the Irish property market over many years in a variety of roles. Previously, he was a partner in Jones Lang Wootton (now JLL), a founding partner of Harrington Bannon Chartered Surveyors (now BNP Paribas Real Estate Ireland), and managing director of Dunloe Ewart Ltd (formerly known as Dunloe House Group plc). He was also previously a non-executive director of St. Vincent’s Healthcare Group, CIE (Córas Iompair Éireann, Ireland’s national public transport provider), ESB (the Electricity Supply Board, Ireland’s premier electricity utility) and the National Development Finance Agency.

Kevin Nowlan

CEO

Kevin Nowlan is a Chartered Surveyor with more than 20 years’ experience in the Irish property market, including commercial agency, property management, investment, development and development financing, commercial loan portfolio management and debt restructuring. Kevin joined the Board of Hibernia as Chief Executive Officer in November 2015 following the internalisation of WK Nowlan REIT Management, the Investment Manager. Prior to this Kevin held the same position in the Investment Manager from its inception in 2013 and previously held senior roles in NAMA and Treasury Holdings and was MD of W K Nowlan Property (formerly W K Nowlan & Associates). He has a BSc in Estate Management from the University of Ulster, an MBA from Ulster Business School and a Diploma in Project Management from Trinity College, Dublin.

William Nowlan

William Nowlan has more than 40 years’ experience investing in Irish commercial property. Prior to forming W K Nowlan & Associates (now W K Nowlan Real Estate Advisors) in 1996, he was Head of Property Investment at Irish Life Assurance plc from 1985 to 1995. He was a member of the Committee of Management of IPUT (Irish Property Unit Trust, one of the largest institutional property investors in Ireland) from 1997 to 2007. He is a member of the Irish Town Planning Institute, a fellow of the Royal Institute of Chartered Surveyors and a former Chairman of both the Royal Institute of Chartered Surveyors Ireland and the Royal Institute of Chartered Surveyors Europe. He was also a member of the RICS Governing council in London.  He was the founding Chairman of the Irish Property and Facilities Managers’ Association. He was also Visiting Professor in the University of Ulster and lecturer in Town Planning at University College, Dublin. He assembled and led the Irish REITs Forum, a voluntary body of leading property industry practitioners and shareholders who came together in January 2011, to promote the introduction of REITs to Ireland that influenced the introduction of the Irish REIT legislation in early 2013.

Terence O’Rourke

Terence O’Rourke is currently Chairman of Enterprise Ireland, a non-executive director of The Irish Times and a council member and non-executive director of the Irish Management Institute. Previously, he was managing partner of KPMG Ireland from 2007 to 2013, a board member of the Chartered Accountants Regulatory Board, President of The Institute of Chartered Accountants in Ireland and Chairman of the Leinster Society of Chartered Accountants. He was also a member of the Global Board, the EMA Board and the Global Executive Team of KPMG International from 2007 to 2013. Terence O’Rourke’s professional accounting and management background and experience over many years in advising clients across a range of sectors, contributes to the balance of skills, experience and knowledge of the Board.

Board procedures

A Director appointed to the Board by the Directors will be subject to election by the Shareholders at the first AGM after his/her appointment. Furthermore all directors must retire by rotation and seek re‑election by the Shareholders at every annual general meeting of the Company.

The Board has established three committees: the Audit Committee, the Remuneration Committee and the Nominations Committee. The duties and responsibilities of each of these committees are set out clearly in written terms of reference, which have been approved by the Board.

The Board intends for the foreseeable future that the Nominations Committee and the Remuneration Committee shall be comprised of all of the independent Directors, and the members of the Audit Committee will be Terence O'Rourke (Chairman), Colm Barrington and Stewart Harrington. The Membership and Chairmanship of each committee is intended to be reviewed by the Board at least every 3 years.