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Chief Turnaround Officer (Shopping Malls)

Treviso, Province of Treviso, Italy
June 14, 2018

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***** ******* - *****

Mobile: +39-393******* - Email: - videoskype: francotollardo Ref.: Turnaround of Distressed Shopping Centers

Dear Sirs

I am a Senior Executive specialized in Commercial Real Estate, Italian citizen, long based (thirteen years) in Moscow/Russia, where I have successfully contributed (among several other projects) to the

• Conceptualization, development, start-up and management of the first/largest chain of super regional shopping malls (12) in Russia (, 3 billion US$ investment, 2.000.000 sqm GLA fully leased and operated from 2002 thru 2007). Positions held: Deputy Centre Manager, Center Manager, Head of Russian Operations

• Pre-opening and launch (2014/15) of the largest shopping & entertainment center in Europe:, 1 billion US$ investment, 235.000 sqm GLA, Moscow, Positions held: Asset Director of Amma Development, COO of TVK AviaPark) in charge of: o Construction Supervision (during the 12 months prior to mall opening) o Property & Facility Management

o Marketing

o Leasing

o Development of Mall Manuals and S.O.Ps

o Key Managers' selection, coaching, hand-over to Mall Owner o Full P&L

Please see my Linkedin profile, for your preliminary assessment, at Since June 2015 I have chosen to work internationally as Chief Restructuring Officer and have focused on Turnaround of Distressed Shopping Centers, making available to Malls' Investors/Owners my unparalleled International Know-how and Experience as well as my proven capability to achieve agreed targets. I am available «on call» for very challenging and demanding assignments, based on fixed term contracts, custom-tailored on Investors/Owners' requirements. Your inquiries are welcome and will be treated with utmost attention and strict confidentiality. Best Regards

Franco Tollardo

Franco Tollardo

PS: I hereby authorize you to treat my data in compliance with domestic and international applicable laws. FRANCO TOLLARDO's CURRICULUM VITAE


- Development, Management, Turnaround of Shopping & Entertainment Centers

- Strong business and personal ethics (integrity, reliability, responsibility, commitment)

- Driven personality; always thriving on accepting responsibility and accountability

- Excellent self esteem and self confidence, but able to manage personal ego

- Proven capability of building strategic partnerships and client relationships

- Excellent leadership and team management skills

- Ability to clearly communicate and/or give directions to multiple internal and external stakeholders in complex environments

- Analytical thinker and yet practical doer

- Fully familiar with multinational business environments (I’ve resided and worked in New York, Los Angeles, Amsterdam, Sarajevo, Moscow, St. Petersburg, Karachi and have done business worldwide) MAIN ACHIEVEMENTS

- Multi-use Real Estate: as senior executive of IKEA Real Estate (six years), built a multi-ethnic management team, developed and co-managed from scratch first/largest/best chain of Super Regional Retail Family and Entertainment Centers in Russia (MEGA Malls) and opening/launch of AviaPark SEC (Largest in Europe)

- Successfully opened and launched Avia Park Shopping and Entertainment Mall in Moscow, despite severe slowdown of Russian economy and dramatic devaluation of domestic currency (Russian Ruble)

- Developed largest FIRST/LARGEST JEWELRY & WATCH exhibitions in Italy, and multi-function Jewelry Business Centers (manufacture, wholesale, retail, services) PERSONAL INFORMATION

- French born, Italian citizen, married, one son (independent adult, employed with Morgan Stanley London) EDUCATION

- Junior Degree of Engineering, Italy 1975

- Bachelor of Business Administration (distance learning while working in the USA, 1981) LANGUAGES

- Italian Mother Tongue, English: Proficient, French: Fair, Russian: Basic JOB PREFERENCES

- Position: Senior Executive

- Duration: Fixed term contract, to be agreed

- Compensation package: to be agreed

- Location: to be agreed


06/2015 to present: Chief Restructuring Officer (Shopping Malls), active internationally. Specialization: Turnaround of Distressed Shopping Centers. Fixed term contracts, custom-tailored on Investors/Owners' requirements. 01/2014 to 04/2015: AMMA DEVELOPMENT/TVK AVIA PARK, Moscow Russia Interim Asset Director/Chief Operating Officer, in charge of opening and launch of Avia Park Shopping and Entertainment Mall in Moscow

(largest in Europe),

01/2008 – 12/2013: Interim Senior Executive, based in Moscow, Russia and active internationally. Key assignments during this period (in alphabetical order):

- BENETTON RUSSIA, Moscow, Director of Corporate Real Estate (185 stores) in Russia and former CIS Republics,

- BV DEVELOPMENT, Moscow (Real Estate arm of BARING VOSTOK CAPITAL PARTNERS, Private Equity Fund, Moscow, as Chief Operating Officer, in charge of development of shopping/entertainment malls nation- wide,

- DOLMEN GROUP, Karachi/Pakistan, COO of domestic leading real estate developer,

- FOZZY GROUP, Kiev/Ukraine, (largest domestic chain of hypermarkets), Strategic Adviser on Development of Corporate Properties,

- GORBUSHKIN DVOR/RUBIN, Moscow (Russia’s largest Electronics/Home Appliances shopping center): Planner of Restructuring/Improvement Program,

- SMART CENTERS, Toronto Canada (Wal-Mart Partner), Russia Country Director, Real Estate Development & Management (Acquisition of property, implementation of new retail parks, jointly funded and anchored by Wal- Mart, -

03/2002 – 01/2008: IKEA MOS/MEGA MALL, Real Estate Division, Moscow Russia

- Hired as Deputy General Manager; promoted Mall GM, then Head of Mega Mall Russian Operations (see "Main achievements") 03/2001 - 03/2002: EUROPEAN COMMISSION – EUPER PROGRAMME, Sarajevo Bosnia & Herzegovina

- Team Leader, Responsible for the implementation of a major revitalization/turnaround program of 20 enterprises, inclusive of 2 large mixed-use real estate projects (revamping of Skenderia Center/Sarajevo ( and inception of Arizona Mall/Brcko ( 10/1998 - 03/2001: NERITAL & ASSOCIATES, Treviso, Italy Co-founder and Senior Managing Partner, professional consultant active in:

- Concept, Development, Construction and Management of Integrated Multi-function Business Parks (Fairgrounds, Trade & Shopping Centers, Hotel-Congress-Convention Facilities, Leisure and Entertainment) 7/1989 - 9/1998: PROKEY Ltd., Vicenza, Italy

Partner and Managing Director of a private group (400 million US$/yr), whose core businesses were:

- Development and management of Fairgrounds, Trade Centers, Hotel-Congress-Convention Facilities

- Official Organizer of the International Watch Pavillon, by appointment of Fiera Vicenza, and of Milan Watch Exhibition, by appointment of Milan Fair

3/1987 - 6/1992: FIERA VICENZA, Vicenza, Italy

Secretary General (managing director),

- Responsible for Property Management and Organization of international and domestic trade shows, conventions, events to the industries of jewelry, watches, silverware, apparel, accessories, home furniture, sporting goods, electronics, foodstuffs, automotive.


Inter IKEA Centre Group, Email: Herman Gewert (Country Manager Italy & Switzerland, Milan Italy)


SmartCentres Canada, Email: Fernando C. Vescio (Senior Vice President HR and Corporate Services, Toronto Canada)

+1-905-***-**** ext. 7211

Moore & Associates, Executive Recruiters, Email: Mary Ann Moore-Enright (Principal, Carlsbad California USA)


Dolmen Group, Karachi Pakistan

Samier Aziz (Former General Director)


Italian Embassy / Ministry of Foreign Affairs

Stefano Pontecorvo (Italian Ambassador to Pakistan)

+92-51-283**** - 2833184 - 2833185 /6/7

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