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Mack-Cali Realty Corp. this morning announced that its board of
In addition, the board has named Tammy K. Jones as lead idependent director. Jones joined the Mack-Cali board following the company's 2020 annual meeting. She has more than 25 years of real estate experience and has dedicated her professional career to the advancement of ethnic and gender diversity in leadership positions in the real estate sector.
The move appears to be the culmination of a months-long effort by activist invstor Bow Street to make changes at the REIT.
"On behalf of the board, I would like to thank Michael for his service to Mack-Cali. I look forward to working with the talented Mack-Cali team and all of our stakeholders to ensure that the company operates at the highest level," Gilmartin said in a statement.
Gilmartin has served as a director at Mack-Cali since June 2019. She is the founder and CEO of MAG Partners, which will continue to operate under internal leadership while she serves as Mack-Cali's interim CEO.
Gilmartin has more than 30 years of real estate experience, including as CEO and President of Forest City Ratner Companies, LLC. Gilmartin is also a director of the Jefferies Group LLC. She also serves on the executive committee of The Brooklyn Academy of Music, as vice chair of New York Public Radio, on the executive committee and board of governors of The Real Estate Board of New York, and as a member of the industry advisory board of the MS Real Estate Development Program at Columbia University.
