Alexander’s Appoints Gary Hansen as Chief Financial Officer

Rhea-AI Summary

Alexander’s, Inc. (NYSE: ALX) announced the appointment of Gary Hansen as the new Chief Financial Officer, succeeding Matthew Iocco, who is retiring after 22 years. Hansen, previously Senior Vice President and Controller, brings over 20 years of experience in accounting and financial reporting. Iocco will assist with the transition until December 31, 2021. Alexander’s operates six properties in the greater New York City area, functioning as a real estate investment trust.

Positive

• Appointment of Gary Hansen as CFO may bring fresh perspectives.
• Hansen's extensive experience in accounting may strengthen financial leadership.

Negative

• Departure of long-serving CFO Matthew Iocco could create continuity concerns.

PARAMUS, N.J., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) announced today that Gary Hansen has been appointed as Chief Financial Officer. Mr. Hansen succeeds Matthew Iocco, who will be retiring after 22 years with Alexander’s and its affiliates. Mr. Iocco will remain with Alexander’s through December 31, 2021 to assist with the transition.

Mr. Hansen currently serves as Senior Vice President, Controller of Alexander’s and has over 20 years of experience in accounting and financial reporting.

Alexander’s, Inc. is a real estate investment trust that has six properties in the greater New York City metropolitan area.

CONTACT:
THOMAS SANELLI
(201) 894-7000

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially impact the outcome of our forward-looking statements and our future results and financial condition, see "Risk Factors" in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2020. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants, general competitive factors and the impact of the COVID-19 pandemic.

FAQ

Who is the new CFO of Alexander's, Inc.?

Gary Hansen has been appointed as the new Chief Financial Officer.

What was the reason for Matthew Iocco's retirement?

Matthew Iocco is retiring after 22 years of service with Alexander's and its affiliates.

When will Matthew Iocco officially retire from the company?

Matthew Iocco will retire on December 31, 2021.

What is Gary Hansen's background in finance?

Gary Hansen has over 20 years of experience in accounting and financial reporting.

How many properties does Alexander's, Inc. manage?

Alexander's, Inc. manages six properties in the greater New York City metropolitan area.