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NEW YORK CITY-Gordon DuGan has resigned as president and CEO of W.P. Carey & Co. over disagreements with chairman Wm. Polk Carey, the company said Monday. Board member Trevor Bond has been named interim CEO until a permanent replacement can be found.

In a statement, DuGan says his resignation was precipitated by a disagreement over Carey’s “degree of authority and control” and differences about the investment firm’s strategic direction. DuGan was named CEO in 2005, six years after becoming the company’s president. He first joined W.P. Carey in 1988.

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