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.

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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.

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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.

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Rispoli has served as chief financial officer of Grubb &Ellis’ investment subsidiaries since 2008, and as senior vicepresident of strategic planning and investor relations since themerger of Grubb & Ellisr with NNN Realty Advisors in December2007. The new Grubb & Ellis CFO "has played a key role in thecompany’s banking and investor relations functions, including thecompany’s two recent capital raises," according to the company'sannouncement of his appointment.

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From 2000 to 2007, Rispoli was executive director and corporatecontroller at Conexant Systems, a publicly traded semiconductorcompany and Globespan Virata Inc., an entity that merged withConexant in 2004. He began his career at PricewaterhouseCoopers LLPin 1993.

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Engel joined Grubb & Ellis in 2008 as senior vice presidentof accounting and finance and chief accounting officer. Beforejoining Grubb & Ellis, he spent seven years at H&R Block,where he held several senior finance leadership positions,including chief accounting officer of the parent company and seniorvice president, chief financial officer of the company’s mortgageservices segment. Before joining H&R Block, Engel spent eightyears at DST Systems Inc. in various finance and accountingpositions. He began his career in 1990 in the audit practice ofPricewaterhouseCoopers LLP.

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