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SL Green Founder Stephen Green Steps Down as Chairman

CEO Marc Holliday will succeed him in January 2019.

Stephen Green Stephen Green, founder of SL Green Realty

NEW YORK CITY—Stephen L. Green, the founder and chairman of the board of SL Green Realty Corp. announced that after 20 years he will be stepping down as chairman. Green, who is 80 years old, will transition to chairman emeritus. Marc Holliday, 51 years old, will succeed Green as chairman, in addition to remaining CEO. This information was made public in a proxy statement filed with the US Securities and Exchange Commission on April 30, 2018.

In a public statement, Holliday describes Green as a mentor, partner and friend. He notes Green had the vision to pursue the first REIT focused solely on New York City commercial real estate. He says Green’s foresight in revitalizing buildings across Midtown played a vital role in the city’s rebirth.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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