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W. P. Carey Inc. (WPC) has shared an update.
W. P. Carey Inc. has announced a significant leadership change with President John J. Park stepping down on September 30, 2024. The company will not appoint a new President; instead, CEO Jason Fox will take on the role from October 1, 2024. Park will continue as Senior Advisor until February 2025 to help with the transition. He won’t get a cash severance but will keep vesting in his stock units. The details of this arrangement are outlined in a formal Separation Agreement.
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