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Vornado makes high-level promotions, grants restricted LTIP units

Jun. 11, 2019 5:05 PM ETVornado Realty Trust (VNO) StockBy: Liz Kiesche, SA News Editor
  • Vornado Realty Trust (NYSE:VNO) names Michael J. Franco president and Glen J. Weiss and Barry S. Langer to new roles overseeing the day-to-day operations of VNO's real estate business as co-heads.
  • In connection with the promotions, Franco, Weiss, and Langer were each granted 73,649 restricted long-term incentive plan units of Vornado Realty LP, valued at $5M per person.
  • The company also hired Haim Chera to lead its premium retail portfolio; he gets 375,607 LTIP units.

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