Wood said he was looking for a specific role for the CFO to play (via a Fair Disclosure transcript):

There is not a job title that could mean more things to more people than Chief Financial Officer. It can be at some companies the Chief Accounting Officer, it can be an Operating CFO, it can be a transaction person or someone that just raises capital. What I need it to be at Federal is a real estate business partner….And so in replacing Jim, I need a business partner. It's a business partner with a concentration in finance just like Chris Weilminster is a business partner with a concentration in leasing or Don Briggs is a business partner with a concentration in development. And I look at that, that C-suite, if you will, at Federal as all real estate business partners.

ROCKVILLE, MD--Federal Realty Investment Trust has recruited Dan Guglielmone as its new CFO and treasurer effective next month. Guglielmone is joining the REIT from another property trust, Vornado Realty, where he has been SVP of Acquisitions and Capital Markets since 2003. Guglielmone will be relocating from New York to work at Federal Realty's headquarters here.

Instant Insights /

Federal Realty Chooses Vornado's Dan Guglielmone as CFO From Three Finalists

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