W.P. Carey announced that Mark DeCesaris will retire as CEO and a member of the board of directors, effective December 31, 2017.
Jason Fox, current president of W. P. Carey, will succeed DeCesaris and John Park, director of strategy and capital market will succeed Fox as president.
Fox was appointed president of W. P. Carey in 2015, prior to which he served as head of global investments from 2015 to 2016 and co-head from 2011 to 2015.
Fox currently manages the firm's investment and asset management activity on behalf of W. P. Carey and its CPA® series of non-traded REITs and has been responsible for more than $10 billion of acquisitions since joining in 2002.
Before joining W. P. Carey, Fox worked at the Spectrem Group, a consulting and M&A advisory firm in San Francisco. Prior to Spectrem, he spent two years teaching mathematics and physics at The Hotchkiss School in Connecticut.
Fox is a magna cum laude graduate of the University of Notre Da
