Paul M. Meurer to Be Executive Vice President, Chief Financial Officer And
Treasurer
ESCONDIDO, Calif., Sept. 20 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company," (NYSE: O) today announced
that its Board of Directors named Gary N. Malino, age 43, as President and
Chief Operating Officer. Prior to assuming the responsibilities of President
and Chief Operating Officer, Mr. Malino served as Executive Vice President,
Chief Financial Officer and Treasurer of Realty Income.
Commenting on Mr. Malino's promotion, Chief Executive Officer Tom A. Lewis
stated, "Gary has been vital to the success of Realty Income since joining the
Company sixteen years ago. As Executive Vice President and Chief Financial
Officer he has been deeply involved in the formulation of the Company's
operating strategy and has personally directed Realty Income's capital markets
and retail research, as well as our finance and accounting functions. He has
also served on the Company's Investment Committee for the past 8 years. Gary
brings a wealth of experience and solid accomplishments to his new duties as
President and Chief Operating Officer, and I am looking forward to the
additional contributions he will make to Realty Income in his new position."
Realty Income also announced that Paul M. Meurer, age 36, will join the
Company effective October 1, 2001 as Executive Vice President, Chief Financial
Officer and Treasurer. He will also join the Company's Investment Committee.
For the past nine years, Mr. Meurer has been with the Real Estate Investment
Banking Group of Merrill Lynch & Co., serving most recently as a Director.
Previous to joining Merrill Lynch, Mr. Meurer was a real estate consultant
with General Atlantic Partners and employed in the Real Estate Investment
Banking Department at Goldman, Sachs & Co. Mr. Meurer holds a Bachelor of
Science degree in Finance and Management from the McIntire School of Commerce
at the University of Virginia, and a Masters degree in Business Administration
from the Stanford University Graduate School of Business.
Commenting on the appointment of Mr. Meurer, Tom A. Lewis stated, "We are
very pleased that Paul is joining Realty Income as our Executive Vice
President, Chief Financial Officer and Treasurer. Paul has been the Company's
lead investment banker over the last nine years, has been deeply involved in
the formulation of the Company's capital markets strategy and has participated
in all of our capital market transactions. His in-depth knowledge of the
Company, its operations and the public capital markets will be of great value
to Realty Income in his position as Executive Vice President, Chief Financial
Officer and Treasurer."
Realty Income, "The Monthly Dividend Company," is a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income. The monthly income is supported by the cash flow
from 1,088 retail properties owned under long-term lease agreements with
leading regional and national retail chains. The Company is an active buyer
of net-leased retail properties nationwide.
Note to Editors: Realty Income press releases are available at no charge
by calling our toll-free investor hotline number: 888-811-2001, or through the
Internet at http://www.realtyincome.com.
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Investor
Relations of Realty Income Corporation, +1-760-741-2111, ext. 177
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