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GERALD GREENWALD NAMED PRESIDENT OF OLYMPIA & YORK DEVELOPMENTS

 GERALD GREENWALD NAMED PRESIDENT
 OF OLYMPIA & YORK DEVELOPMENTS
 TORONTO, April 13 /PRNewswire/ -- Olympia & York Developments Ltd. today announced that Gerald Greenwald, 56, formerly vice chairman of the Chrysler Corp., and, more recently, a managing director at New York- based investment bank Dillon, Read & Co., has been named president and deputy chief executive of Olympia & York.
 "Jerry Greenwald is a tremendously talented executive who played an integral role in restructuring Chrysler in the 1980s," said Paul Reichmann. "His proven financial and management skills will be a great help as O&Y continues its own restructuring."
 Greenwald said, "I am greatly impressed by the extremely skilled team that has been assembled. From the Reichmanns themselves with their extraordinary real estate and business expertise to the very renowned financial advisers involved, this effort is virtually a who's who of the financial community. An incredible array of talent is being brought to bear by J.P. Morgan & Co., Burns Fry, Ltd., Price Waterhouse and James D. Wolfensohn, Inc., including Steve Miller of Wolfensohn, whom I worked with for many years at Ford and Chrysler."
 Over the course of his tenure at Chrysler, Greenwald held a number of top posts, including vice chairman of Chrysler Corp., vice chairman of Chrysler Motors and executive vice president for finance. Prior to joining Chrysler, Greenwald was with Ford Motor Company for 22 years, including 11 years outside the U.S. From 1976-79, he was president of Ford de Venezuela, from 1974-76 director of non-automotive operations at Ford of Europe and from 1972-74, director of the French Ford unit Richier S.A.
 A 1957 graduate of Princeton University, Greenwald received a master's degree in economics from Wayne State University in 1962.
 -0- 4/13/92
 /CONTACT: Frank Ternan, 416-862-5324, or Georgia Gibbs (in London) (71) 495-4044, both of Olympia & York Developments; or Peter Rosenthal of Howard J. Rubenstein Associates, 212-489-6900, for Olympia & York/ CO: Olympia & York Developments Ltd. ST: Ontario IN: SU: PER


SH-SB -- NY065 -- 7869 04/13/92 14:54 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
Words:333
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