W.P. Carey Appoints New CEO

Mark DeCesaris will retire as CEO in December. Current President Jason Fox, who has been with the company for 15 years, will take over the role.

Jason Fox, W.P. Carey
Jason Fox, W.P. Carey

Following the retirement of Mark DeCesaris, non-traded real estate investment trust W.P. Carey has promoted Jason Fox as its newest CEO, effective Dec. 31. Fox will also join the company’s board of directors.

Jason’s expertise and tenure as head of the company’s global investments team uniquely positions him to lead W. P. Carey well into the future. Importantly, Jason’s appointment reflects the company’s investment-centric culture and ensures both continuity and stability going forward,” W.P. Carey Chairman Benjamin Griswold said in a prepared statement.

Fox has been with W.P. Carey since 2002, having occupied various roles within the company. Between 2015 and 2017, he served as a president, where he oversaw the firm’s investment and asset management activity. From 2015 to 2016, he was head of the global investments team and co-head from 2011 to 2015. During his tenure, he contributed to the closing of more than $10 billion of acquisitions. Before that, Fox was part of the San Francisco-based Spectrem Group.

He holds a B.S. in civil engineering and environmental science from the University of Notre Dame, as well as an M.B.A. from Harvard Business School.

Image courtesy of W.P. Carey