Bond Stepping Down as W.P. Carey CEO

NAREIT Corporate Member W.P. Carey Inc. (NYSE: WPC) said Feb. 10 it has appointed Mark DeCesaris as CEO, replacing Trevor Bond, whom the company said stepped down to pursue other interests.

DeCesaris is currently a member of W.P. Carey’s board of directors and served as its CFO from 2010 to 2013 and as acting CFO from 2005 to 2010. Bond had served as CEO since September 2010.

Benjamin Griswold, IV, W. P. Carey’s chairman, said DeCesaris assumes the leadership role with “intimate knowledge of our business and proven commitment to our investors and employees.”

“With the foundation of our strong and stable business, I am excited about the enormous opportunities in front of us,” DeCesaris said.

W. P. Carey also announced that it is continuing to review a range of strategic alternatives.

 

(Contact: Sarah Borchersen-Keto @ sborchersen-keto@nareit.com)

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