W. P. Carey President John Park to step down; role eliminated; CEO Fox to assume title

W. P. Carey Inc.

John Park will step down as President effective Sept. 30, 2024; remains Senior Advisor through Feb. 2025.
President role eliminated; CEO Jason Fox will assume the title effective Oct. 1, 2024.
Park will continue as Trustee of Net Lease Office Properties (NLOP) and W. P. Carey Foundation.
No cash severance; outstanding unvested RSUs and PSUs will continue to vest per original terms.
Park served 37 years at W. P. Carey, leading key transactions including the NYSE listing and mergers.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jason Fox

President and Chief Executive Officer

WPC · W. P. Carey Inc.

Effective: 2024-10-01
Filed: July 10, 2024, 7:59 PM ET

the title will be assumed by Jason Fox, the Company’s Chief Executive Officer, effective October 1, 2024.

Departed

John J. Park

President

WPC · W. P. Carey Inc.

Effective: 2024-09-30
Successor: Jason Fox
Filed: July 10, 2024, 7:59 PM ET

John J. Park will step down as President of the Company effective September 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Fox changed role as President and Chief Executive Officer at W. P. Carey Inc..

Action: assume
Role: President and Chief Executive Officer

Exact text from the filing

the title will be assumed by Jason Fox, the Company’s Chief Executive Officer, effective October 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John J. Park departed as President at W. P. Carey Inc..

Action: step down
Role: President

Exact text from the filing

John J. Park will step down as President of the Company effective September 30, 2024.

View on SEC.gov

W. P. Carey Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-078770

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