Acadia Realty Trust Discloses John Gottfried To Replace Jon Grisham As Its CFO

Acadia Realty Trust

disclosed that John Gottfried would replace Jon Grisham as its CFO. The new person will assume the office on June 27 as Grisham expressed his desire to retire on June 26. However, he would remain with the firm during the transition period. The company stated that Gottfried has over two decades of public accounting experience focused in the real estate industry. Currently, he was leading PricewaterhouseCoopers LLP's ("PwC") New York Metro real estate assurance practice. Gottfried was responsible for several of the firm's biggest REITs and real estate companies. He was a Certified Public Accountant and graduated from the University of Dayton in 1994. Acadia Realty Trust President and CEO, Kenneth Bernstein, said that "I am delighted to welcome John to our senior management team. John has extensive knowledge of public REITs, due to his two decades of experience in real estate public accounting and consulting. Together with our established team of talented accounting and finance professionals, John is certain to play an integral role in helping us achieve our long-term goal of creating value for all of Acadia's stakeholders." The Company employed the services Ferguson Partners to conduct a nationwide search to fill the Chief Financial Officer role. On Friday, the closed at $34.02.