Joel Manfredo is a senior executive with over 20 years of experience leading information technology, cyber-security, innovation and digital transformation across public, large private, government and non-profit entities. He has served in finance, development, leasing, and operating roles at The Rouse Company and at McCormick Properties, Inc. (MPI), a subsidiary of McCormick & Company (Fortune 500). At MPI, Joel also held positions in Syndications and served as the Chief Compliance Officer of a registered NASD Broker Dealer subsidiary. In summary, Joel spent 29 years in commercial real estate companies, 18 years as a prac`titioner and 11 leading information technology and cybersecurity. Joel has created strategies and overseen resultant successful turnarounds and transformations both in business roles and in technical roles. He has presented to boards about 70 times.
Joel presently serves as the Chief Information, Innovation and Digital Officer for the Motion Picture Industry Pension & Health Plans. He created strategies for each major IT area which have different technical risk profiles (cybersecurity, infrastructure, applications and digital transformation) and has overseen a wholesale replacement of all business and infrastructure systems, in addition to bringing new innovative tools into the organization. An example is the creation of a cybersecurity defense-in-depth strategy which required the implementation of over 30 tools executed in only of 22 months.
At The Irvine Company, Joel achieved a clean auditor’s opinion regarding technical reliance on system generated financial statements (without the need for compensating manual controls) consistent with Sarbanes-Oxley.
While at The Rouse Company, Joel executed both a real estate turnaround and an IT transformation. In the face of corporate downsizing, Joel was asked to run a 4.0 million square foot portfolio of 57 office (50% vacant) and industrial buildings. The plan included assessing physical structures of both his portfolio and the competitors’, understanding each submarket, devising common area improvements, focusing on labor, utilities and real estate taxes and recognizing the opportunity to be a market maker with the right messaging and leasing pitch. The results were a 209% EBITDA turnaround in 2½ years. Joel was then asked by the Vice-Chairman to transform the company’s systems to avert a year 2000 problem. He developed the program, a $43.0 million technology-based business transformation, that yielded hard cost savings 2X the proforma realized one year early. The program that was delivered on time, on scope and 9% under budget.
Joel has served on several non-profit boards, presented many times in MBA programs and professional conferences, has been cited in IT research publications and has mentored staff and colleagues.
He holds an MS (Finance), an MBA (Management) from Loyola University and a BS in Business & Economics from Lehigh University. He’s completed Wharton’s Corporate Governance: Maximizing Your Effectiveness
