As Rechler steps down, another takes his place.Reckson Associates Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp. announced that the company's board of directors appointed Scott Rechler, Reckson's president, chief executive officer and member of its board of directors, as chairman of the board, to fill the vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. created by the recent resignation of Donald Donald (Domnall, Domhnall, Dumhnuil, Dónall) is an anglicized version of a Scottish or Irish Gaelic personal name, containing the elements dumno "world" and val "rule", viz. "ruler of the world". Compare Dumnorix. Rechler. In tendering his resignation, as non-executive chairman and a member of the board of directors, Donald indicated his desire to pursue non-business interests and his confidence in the leadership abilities of the company's current management team. Donald's resignation comes approximately one year after the sale of the company's Long Island industrial portfolio and the related restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of the company in which Donald stepped down from his position as co-chief executive officer of Reckson. Donald is one of Reckson's co-founders and has served as chairman of the company's board of directors since its initial public offering. "I have dedicated myself to the growth of Reckson for over 40 years and I am extremely proud of what we have accomplished," Donald Rechler stated. "A little over a year has passed since I ceased to be co-chief executive officer of Reckson and I have enjoyed my new found free time during this past year. I recently turned 70 and I am looking forward to spending more time on personal interests, including extensive travel." "I believe the company is in capable hands with a strong business plan and is poised for future growth. I therefore feel that it is a perfect time to resign as a member and chairman of the board of directors of Reckson," Rechler added. Scott Rechler, Reckson's president and chief executive officer, stated, "We are extremely grateful to Donald for his years of leadership and creativity which helped build Reckson into one of the premier owners and developers of class A office properties in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . Donald has dedicated his career to the success of Reckson, the well-being of our employees and the betterment bet·ter·ment n. 1. An improvement over what has been the case: financial betterment. 2. Law An improvement beyond normal upkeep and repair that adds to the value of real property. of the communities in which we do business." |
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