| Mike and I appreciate and value Vornado's human capital
as highly as our financial capital. Starting with the eight
Executive Vice Presidents, who are division heads and our
direct reports, and extending to the 108 Vice Presidents,
who are so essential to the success of our businesses,
they have our praise and thanks.
We welcome Alan Rice, a talented attorney as Corporation
Counsel and Secretary. We also welcome Cathy Creswell,
Director of Investor Relations, a talented professional well
known to many of our investors, who is helping our efforts
to continually improve communications and accessibility.
This year Paul Larner, EVP of Administration, resigned to
pursue his private entrepreneurial instincts and Ken
McVearry, long time EVP of Smith, left to pursue other
interests. Paul will not be replaced, and Mitchell Schear,
President of Smith, has assumed Ken's duties.
As announced in February 2004, Alec Covington,
President and CEO of AmeriCold, resigned to pursue an
opportunity with a food distribution company. Alec has left
us with a stable business and a sound organization.
We wish him well. |
|
Mike O'Connell, who has been with
AmeriCold for over ten years, has been promoted to be in
charge of all warehouse operations and, until a successor
is in place, will report to Anthony Cossentino, Chief
Financial Officer.
After 34 years, Ralph Richards, a super-duper retail leasing
representative and a nice man, has retired. Thanks and
Godspeed. Michelle is still always right, Clarice is some
fine painter, and Sherri had a baby boy.
An important part of our business is keeping our properties
very well-maintained, which involves periodic remodels
and freshening, as needed. Long-time readers of
Vornado's annual report may notice that this year we have
freshened and updated this report's presentation – but,
be assured, our culture will remain the same. Similarly, we
are in the process of freshening, updating and improving
our website.
Mike and I deeply believe in the future of Vornado. We
thank our colleagues and shareholders.
 |
