June 17, 2020 Comments Off on ESRT CEO Malkin Takes President’s Role as Kessler Steps Down Views: 322 Midtown New York, New York News

ESRT CEO Malkin Takes President’s Role as Kessler Steps Down

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Empire State Realty Trust said Tuesday that its current president and COO, John B. Kessler, will leave the company after an orderly transition. The role of president will be assumed by chairman and CEO Anthony E. Malkin. The REIT won’t fill the position of COO.

“The board of directors and I thank John for his service and many contributions to ESRT since he joined us more than five years ago, including his leadership in our capital markets activities, our CFO transition, and initiatives that enhanced our culture and strengthened our team,” said Malkin and lead director Steven J. Gilbert.

ESRT didn’t state the reasons for Kessler’s departure. He joined the company as COO in 2015 after serving as a managing director at Fortress Investment Group, with a focus on real estate. From 1993 to 2010, he held various positions at Morgan Stanley.

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