White & Case partner Nicholas Greenacre won the 2015 GEO Pioneer Award at Global Equity Organization's (GEO's) annual award ceremony on April 16, 2015. In addition, White & Case advised Evonik Industries on its Share 2014 employee share plan, which was a recipient of "The 2015 Best Plan Communication Award" from GEO. GEO is a member-founded and member-driven not-for-profit organization dedicated to advancing knowledge and understanding of equity compensation worldwide through a global community of more than 4,500 well-informed professionals.
Greenacre is a partner in the Firm's London office and leads the Firm's Global Employment, Compensation & Benefits group. One of the group's key strengths is its state of the art expertise in advising employers on the cross-border implementation of incentive plans, and the Firm is recognized as a market leader in this field. Greenacre has experience in a broad range of matters for clients of all sizes, from technology start-ups to global investment banks. He is one of GEO's longest standing members, "creating a legacy of consistent, strong support of GEO for more than 13 years," according to GEO. His most recent contributions to the organization include significant help with GEO's Pan European One Day events and assisting GEO with various tax matters, including multiple and complex VAT registrations.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik's corporate strategy. Its activities focus on the key megatrends of health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms and is active in more than 100 countries around the world. In fiscal 2014 more than 33,000 employees generated sales of around €12.9 billion and an operating profit (adjusted EBITDA) of about €1.9 billion.
Its Share 2014 plan aimed to raise awareness and engage staff at its Germany, United States and Belgium locations. According to GEO, "the Share 2014 campaign was carefully designed to reflect the Evonik brand and its four key company values of creativity, specialization, self-renewal and reliability." The Firm provided legal support to Evonik in the design and implementation of Share 2014 through a team across multiple offices led by partners Markus Althoff, Nicholas Greenacre and Dennis Heuer.