Executive Profiles

Stephen R. Karp

Chairman, CEO

Stephen R. Karp is a leading developer of shopping centers and mixed-use developments. He first entered the shopping center business in the late 1960's with the development of one of the first enclosed malls in the Northeast, which opened in 1972. He went on to found New England Development in 1978.

Mr. Karp is a member of the Greater Boston Real Estate Board and the Urban Land Institute. He is a Past Chairman and member of the Board of Trustees of the International Council of Shopping Centers and is Chairman of Children’s Hospital Boston. Mr. Karp is on the Board of Trustees of Belmont Hill School, on the Board of Overseers of Newton-Wellesley Hospital, and on the Board of Directors of Not Your Average Joe’s. He also has served on the Boards of Union College, Smart Bargains.com, the New England Aquarium, and is Past Chairman of Children’s Hospital Trust.

Steven S. Fischman

President and COO

Steven S. Fischman, together with Stephen R. Karp, has overseen the expansion of New England Development into a multi-faceted real estate development and investment company. Prior to joining New England Development 16 years ago, Mr. Fischman was a partner at the Boston law firm of Goulston & Storrs where he specialized in real estate and finance law. He represented developers and owners of all types of real estate including shopping centers, hotels, office projects, housing projects and industrial properties.

Mr. Fischman is a member of the International Council of Shopping Centers and the Boston Bar Association. He serves as a trustee of Partners Healthcare System, trustee and vice chairman of the Jewish Funds for Justice, trustee of Kenyon College and trustee emeritus and former chairman of the board of Newton-Wellesley Hospital and trustee of Boston Lawyers Committee for Civil Rights Under Law. He serves on the board of directors of Tweeter Home Entertainment Group.

Dawn K. Neher

Chief Financial Officer, Executive Vice President

Before joining New England Development, Dawn Neher served as senior vice president at Aetna Realty Investors where she specialized in acquisitions and joint ventures. Ms. Neher received a bachelor's degree from the University of Hartford and a master's in business administration from the University of Connecticut. Her professional affiliations include memberships in the International Council of Shopping Centers, Urban Land Institute, New England Women in Real Estate, National Association of Female Executives, The Boston Club, and Real Estate Finance Association.

Gregory W. Sullivan

Executive Vice President, Corporate Development

Gregory W. Sullivan is responsible for expanding and diversifying the Company's portfolio of investments, both in real estate as well as non-real estate private equity activities. He sits on several corporate boards and is an Overseer of Newton-Wellesley Hospital and on the Corporation and the Finance Committee of the Belmont Hill School.

Prior to joining NED in 2002, Mr. Sullivan was the Executive Vice President and CFO of Trizec Hahn, an $8.5 billion public real estate company headquartered in Toronto. Prior to joining Trizec Hahn, Mr. Sullivan was a partner at AEW in Boston where he ran investments for the company's real estate opportunity fund and headed the capital markets group. He also served as a senior finance officer at a Boston-based telecommunications company and as an investment banker in New York. Mr. Sullivan graduated with honors from the University of Vermont and holds a master's degree in business administration from Wharton.

Bruce M. Herman

Controller, Executive Vice President

Bruce Herman, CPA, is responsible for all accounting, financial reporting, investment and treasury management matters for New England Development. He originally joined the company in 1983 following a career in public accounting. Prior to rejoining NED in 1990, Mr. Herman was chief financial officer at Liberty Properties in Boston.

Mr. Herman is a graduate of Bentley College and is a member of the American Institute of Certified Public Accountants, the Massachusetts Society of Certified Public Accountants and the International Council of Shopping Centers. He also serves on the Town of Needham Open Space & Recreation Advisory Group and the Field Study Committee.