INDUS Announces Chief Fiscal Officer Transition
Latest CFO Anthony J. Galici announces options to retire at yr-end
Jon W. Clark appointed Govt Vice President and incoming Main Economical Officer and will be a part of INDUS in September
NEW YORK, July 19, 2021 (Globe NEWSWIRE) — INDUS Realty Believe in, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based mostly industrial/logistics REIT, introduced now that Anthony J. Galici, Executive Vice President and Chief Economic Officer, strategies to retire right after a distinguished 24-12 months occupation as the Company’s Chief Financial Officer. Mr. Galici will carry on to provide as Govt Vice President and CFO of the Business to guide INDUS’s administration group with the transition until eventually his retirement on December 31, 2021.
“On behalf of the Board of Directors and the overall INDUS workforce, I want to thank Anthony for his fantastic management and perseverance to our Corporation over the previous 24 years,” stated Michael Gamzon, President and Main Govt Officer of INDUS. “Anthony has been instrumental to our good results with a continuous concentration on supporting our growth, acquiring and handling our finance, treasury and human means capabilities, and leading our teams by case in point with a regular and demanding perform ethic. We desire him a very long, content and properly-deserved retirement.”
“Looking back on my occupation with INDUS, I could not be much more very pleased of our achievements,” stated Mr. Galici. “It has certainly been a pleasure to take part in the evolution of the Business, and I appreciate the associations that I have formulated, primarily with my proficient workforce, INDUS’s senior management and Board of Administrators, and the financial commitment neighborhood. I desire INDUS quite a few a long time of ongoing achievements.”
As part of its succession approach for the CFO job, the Board of Administrators announced that efficient on September 1, 2021, Jon W. Clark will sign up for INDUS as Govt Vice President to function with Mr. Galici prior to his retirement. Mr. Clark will think the extra function of Main Financial Officer helpful on January 1, 2022. Mr. Clark joins INDUS from Rockhill Management, LLC (“Rockhill”), where he has served as Chief Accounting Officer considering that 2019. Prior to becoming a member of Rockhill, Mr. Clark was with Gramercy Property Belief (“Gramercy”) for 12 yrs, most lately as the Chief Money Officer and Treasurer, prior to its acquisition by affiliates of Blackstone Actual Estate Partners VIII L.P. in 2018. Prior to joining Gramercy, Mr. Clark labored at BlackRock Money Management exactly where he oversaw the accounting and finance department for genuine estate debt products. Mr. Clark holds a B.B.A. diploma in Accountancy from Western Michigan University, a Masters in Accounting from the University of Massachusetts-Amherst and is a Accredited Public Accountant.
“I am pleased to welcome Jon Clark to the INDUS crew,” said Mr. Gamzon. “Jon provides a wealth of monetary and operational REIT encounter to our govt leadership staff, getting served as Gramercy’s CFO during its transition into one of the premier publicly-traded, industrial-concentrated REITs at the time of its sale. I glance ahead to doing the job with Jon as we carry on to execute on INDUS’s advancement tactic and look for to produce very long-term stockholder value.”
About INDUS
INDUS is a genuine estate business principally engaged in producing, obtaining, handling and leasing industrial/logistics attributes. INDUS owns 42 structures totaling close to 5.1 million sq. feet (like 32 industrial/logistics properties aggregating about 4.7 million square ft) in Connecticut, Pennsylvania, North Carolina and Florida in addition to more than 3,400 acres of undeveloped land.
Ahead-Looking Statements:
This Press Release consists of “forward-looking statements” inside the indicating of Area 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-on the lookout statements include things like INDUS’s beliefs and anticipations with regards to future occasions or ailments such as, with out limitation, statements regarding INDUS’s long term progress and approach. Whilst INDUS believes that its programs, intentions and anticipations mirrored in this kind of forward-hunting statements are fair, it can give no assurance that this kind of plans, intentions or anticipations will be attained. The forward-on the lookout statements disclosed herein are dependent on assumptions and estimates that, when viewed as affordable by INDUS as of the date hereof, are inherently subject to significant company, financial, aggressive and regulatory uncertainties and contingencies, quite a few of which are over and above the handle of INDUS and which could lead to real benefits and situations to vary materially from those people expressed or implied in the ahead-wanting statements. Other vital factors that could have an affect on the outcome of the activities set forth in these statements are described in INDUS’s Securities and Exchange Commission filings, like the “Business,” “Risk Factors” and “Forward-Seeking Statements” sections in INDUS’s Yearly Report on Kind 10-K for the fiscal calendar year finished November 30, 2020, submitted with the SEC on February 18, 2021. INDUS disclaims any obligation to update any ahead-on the lookout statements as a result of developments developing just after the day of this press release besides as demanded by regulation.
Make contact with:
Anthony Galici
Chief Fiscal Officer
(860) 286-1307
[email protected]
Ashley Pizzo
Vice President – Cash Marketplaces & Trader Relations
(212) 218-7914
[email protected]