SANTA ANA, CA (Aug. 9, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced the appointment of Michael J. Rispoli as executive vice president and chief financial officer effective immediately.
Matthew A. Engel, who has served as interim chief financial officer since May 3, has been promoted to executive vice president, Finance.
“Following a thorough search process, Mike Rispoli was identified as possessing the blend of financial acumen and industry experience necessary to assume the position of chief financial officer and help lead this business toward our goals of gaining market share and growing profitability,” said Thomas P. D’Arcy (top right photo), president and chief executive officer of Grubb & Ellis.
“We are very fortunate that Mike and Matt have accepted expanded roles with the company as they both bring proven track records of success in progressively senior positions. Their complementary strengths will be crucial as we continue to focus on operational excellence and economic efficiency.”
Rispoli will be responsible for the company’s overall financial operations, including strategic planning, corporate initiatives and investor relations. He will continue in his current position as chief financial officer of Grubb & Ellis Equity Advisors, LLC., the company’s investment management subsidiary. Engel will direct the company’s accounting, finance, tax and SEC reporting functions.
Engel, 42, joined Grubb & Ellis in 2008 as senior vice president, accounting and finance and chief accounting officer. Prior to joining Grubb & Ellis, he spent seven years at H&R Block, where he held several senior finance leadership positions, including chief accounting officer of the parent company and senior vice president, chief financial officer of the company’s Mortgage Services segment.
Contact: Janice McDill, Phone: 312.698.6707, Email: janice.mcdill@grubb-ellis.com
Grubb & Ellis Bolsters New York Capital Markets Capabilities with Addition of Steven H. Roberts
He joins from CitiGroup, where he was in part responsible for the foundation of the company’s CMBS lending program and co-led the company’s conduit business as the head of origination.
“New York City is ‘Main and Main’ for commercial mortgage banking, and it’s essential we have a professional in that market with the kind of reputation and relationships that Steve has in our industry,” said Jeff Majewski, executive managing director, Debt & Equity Finance.
“Because he will have daily interaction with existing and emerging sources of debt and equity and has excellent contacts with virtually every player in the business, he’s in a position to support clients of Grubb & Ellis professionals throughout the country in their capital needs.”
Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com
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