SANTA ANA, CA-Grubb & Ellis Co. has named Michael Rispoli asits new executive vice president and chief financial officer.Rispoli succeeds interim CFO Matthew Engel, who has been promotedto EVP of finance after serving in the interim post since May3.

Grubb & Ellis conducted "a thorough search process" inseeking a permanent CFO before naming Rispoli, according to ThomasD'Arcy, president and CEO of the Santa Ana-based company. Rispoli,who has served until now as chief financial officer of Grubb &Ellis Equity Advisors LLC., the company’s investment managementsubsidiary, will continue in that post in addition to his newduties as CFO of Grubb & Ellis Co. The promotions of Rispoliand Engel will mean expanded roles for both of them, D'Arcy pointedout.

Rispoli will be responsible for the company’s overall financialoperations, including strategic planning, corporate initiatives andinvestor relations. Engel will direct the company’s accounting,finance, tax and SEC reporting functions.