– USA, NY – Griffin Industrial Realty, Inc. (Nasdaq:GRIF) reported that its Board of Directors has implemented the previously announced executive succession plan, pursuant to which Michael S. Gamzon has been appointed to the positions of President and Chief Executive Officer effective January 1, 2016, succeeding Frederick Michael Danziger, who had been Chief Executive Officer of Griffin since 1997. Mr. Danziger remains the Chairman of Griffin’s Board of Directors. As part of this transition, on January 19, 2016, Mr. Gamzon was elected a member of the Board of Directors, succeeding David M. Danziger, who resigned from the Board of Directors effective upon the election of Mr. Gamzon. The resignation of Mr. David M. Danziger was to enable Griffin to maintain compliance with NASDAQ regulations that require boards to have a majority of their members be independent directors. Mr. David Danziger had been a Director since 2006.
Mr. Gamzon joined Griffin in 2008 as a Vice President and rose to become President and Chief Operating Officer after having a variety of responsibilities with the Company. He established Griffin’s presence in the Lehigh Valley of Pennsylvania where he oversaw all of Griffin’s real estate activities including acquisitions, development, leasing and property operations. Griffin will have nearly 1.2 million square feet of properties in the Lehigh Valley upon completion of the 252,000 square foot warehouse that is currently under construction.
Mr. Danziger stated, “I am extremely pleased to have Michael succeed me as CEO and as Chairman I look forward to continuing to work closely with him. He has made exceptional contributions to Griffin and the Board and I have complete confidence in his ability to lead the Company forward. I also would like to thank David for his many valuable contributions during his years of service on the Board of Directors.”
Mr. Gamzon commented, “I would like to thank the Board of Directors and Mike Danziger for giving me the opportunity to lead Griffin. I look forward to continuing our efforts to expand Griffin’s portfolio, grow the Company’s profitability and cash flow and increase shareholder value.”
Prior to joining Griffin, Mr. Gamzon served as an investment analyst with Alson Capital Partners, LLC and Cobalt Capital Management, LLC and held prior positions at SCP Private Equity Partners, investment bank Donaldson, Lufkin & Jenrette and PepsiCo, Inc. Mr. Gamzon received a B.A. degree in economics from Yale University and a Masters in Business Administration from Harvard Business School.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
Comments are closed.