SANTA ANA, CA-Grubb & Ellis Co. has named Michael Rispoli as its new executive vice president and chief financial officer. Rispoli succeeds interim CFO Matthew Engel, who has been promoted to EVP of finance after serving in the interim post since May 3.
Grubb & Ellis conducted "a thorough search process" in seeking a permanent CFO before naming Rispoli, according to Thomas D'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 management subsidiary, will continue in that post in addition to his new duties as CFO of Grubb & Ellis Co. The promotions of Rispoli and Engel will mean expanded roles for both of them, D'Arcy pointed out.
Rispoli will be responsible for the company’s overall financial operations, including strategic planning, corporate initiatives and investor relations. Engel will direct the company’s accounting, finance, tax and SEC reporting functions.
Rispoli has served as chief financial officer of Grubb & Ellis’ investment subsidiaries since 2008, and as senior vice president of strategic planning and investor relations since the merger of Grubb & Ellisr with NNN Realty Advisors in December 2007. The new Grubb & Ellis CFO "has played a key role in the company’s banking and investor relations functions, including the company’s two recent capital raises," according to the company's announcement of his appointment.
From 2000 to 2007, Rispoli was executive director and corporate controller at Conexant Systems, a publicly traded semiconductor company and Globespan Virata Inc., an entity that merged with Conexant in 2004. He began his career at PricewaterhouseCoopers LLP in 1993.
Engel joined Grubb & Ellis in 2008 as senior vice president of accounting and finance and chief accounting officer. Before joining 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 senior vice president, chief financial officer of the company’s mortgage services segment. Before joining H&R Block, Engel spent eight years at DST Systems Inc. in various finance and accounting positions. He began his career in 1990 in the audit practice of PricewaterhouseCoopers LLP.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
