Growthpoint’s new FD: Gerald Völkel

20 Feb 2013

With his wealth of financial and accounting experience, Gerald Völkel has been appointed financial director of Growthpoint Properties Limited, South Africa’s largest listed property company.

Gerald Völkel has been appointed financial director of Growthpoint Properties Limited, South Africa’s largest listed property company.

Völkel is a Chartered Accountant with over 25 years’ experience and his career spans a progression of senior financial roles with performance-driven companies.

Prior to joining Growthpoint, Völkel was the chief financial officer of the JD Group Limited where he also served on the Board of this company for a dozen years.

Before this he was an audit partner of Ernst & Young for four years.

Raised and educated in Gauteng, Völkel holds a Bachelor of Accountancy Degree (B. Acc) from the University of the Witwatersrand.

Norbert Sasse, chief executive officer of Growthpoint Properties Limited says: “Völkel’s broad experience as a financial and accounting professional gives him a solid platform for the job of financial director of Growthpoint.

“We welcome Gerald and look forward to working with him as part of the Growthpoint executive directorate.”

Völkel replaced the late Stuart Snowball as Growthpoint’s financial director from 1 February 2013.

At Ernst & Young, Völkel was responsible for the client audits of some of South Africa’s leading banking, mining, industrial and retail groups.

He also gained valuable international perspective working in London, including the audit of National Westminster Bank.

While at JD Group, Völkel gained extensive experience in financial and taxation affairs in this retail and consumer financier business with nearly a dozen brands operating over 1 000 stores in South Africa and Poland.

“His long record of professional achievement positions Gerald to make a valuable contribution to the Growthpoint team,” says Sasse.

When not at the office, Völkel enjoys motorsport and football.

Growthpoint is the largest South African listed property company and is included in the Johannesburg Stock Exchange ALSI Top 40 Companies Index.

It owns and manages a quality portfolio of 390 properties in South Africa providing nearly 4.4 million square metres of retail, office and industrial space to leading businesses across the country. 

It also owns 50 percent of the V&A Waterfront and 65 percent of GOZ, separately listed on the ASX.

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