• Fri. Feb 23rd, 2024

    New York City REIT Announces CFO Retirement and Appointment

    ByJames Forsyth

    Feb 3, 2024
    New York City REIT Announces CFO Retirement and Appointment

    New York City REIT (NYC) recently made a significant announcement regarding a change in its executive team. Joseph Marnikovic, the Chief Financial Officer (CFO) and Treasurer of American Strategic Investment Co. and related entities, is set to retire effective March 29, 2024, following the filing of the annual report. This news comes as Marnikovic’s departure has been amicably agreed upon, including the accelerated vesting of his restricted shares.

    To ensure seamless continuity in their financial leadership, NYC has appointed Michael LeSanto as the new CFO. LeSanto brings a wealth of financial experience gained from various companies, and he boasts an exceptional educational background from Bentley University. This combination of practical expertise and strong academic foundation positions LeSanto well to support NYC in its future endeavors.

    It is worth mentioning that there are no conflicts of interest or familial relationships between LeSanto and other executives or directors within the company. This ensures a healthy and unbiased working environment, contributing to effective decision-making processes.

    NYC’s commitment to transparent communication and investor relations is evident in their release of this update. Investors and the general public can access further insights into the company’s corporate activities by visiting TipRanks’ Insiders Trading Activity page. For those seeking a comprehensive understanding of the CFO retirement and the subsequent appointment, the full document can be found here.

    This latest development showcases NYC’s proactive approach in ensuring continual growth and adaptability in a competitive marketplace. With the appointment of Michael LeSanto and the retirement of Joseph Marnikovic, the company is poised to build upon its previous successes and chart a path towards a prosperous future.

    FAQ:

    1. Who is retiring from New York City REIT’s executive team?
    – Joseph Marnikovic, the Chief Financial Officer (CFO) and Treasurer of American Strategic Investment Co. and related entities, is set to retire.

    2. When is Joseph Marnikovic set to retire?
    – Joseph Marnikovic is set to retire effective March 29, 2024.

    3. Who has been appointed as the new CFO?
    – Michael LeSanto has been appointed as the new CFO.

    4. What is Michael LeSanto’s background?
    – Michael LeSanto has a wealth of financial experience gained from various companies and possesses an exceptional educational background from Bentley University.

    5. Are there any conflicts of interest or familial relationships between Michael LeSanto and other executives or directors within the company?
    – No, there are no conflicts of interest or familial relationships between Michael LeSanto and other executives or directors within the company.

    6. Where can investors and the general public access further insights into the company’s corporate activities?
    – Investors and the general public can access further insights into the company’s corporate activities by visiting TipRanks’ Insiders Trading Activity page.

    7. Where can the full document regarding the CFO retirement and the subsequent appointment be found?
    – The full document can be found here.

    Definitions:

    – CFO: Chief Financial Officer, the senior executive responsible for managing the financial actions of a company.
    – Vesting: The process by which an employee accrues non-forfeitable rights over employer-provided stock incentives or employer contributions made to the employee’s qualified retirement plan account or pension plan.
    – Transparent communication: Open and clear communication that provides all relevant information.
    – Investor relations: The department within a company responsible for managing relationships with investors, including communication and financial reporting.

    Suggested Related Links:

    NYC Website
    TipRanks