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W.P. Carey Board Elects DuGan Co-CEO

NEW YORK CITY-Gordon F. DuGan has been chosen to work with chairman Wm. Polk Carey on directing the firm's corporate strategies going forward. He will retain his current title as president, which has held since 1999.

By Glen Thompson | Updated on October 21, 2002

NEW YORK CITY-Sale-leaseback specialist W.P. Carey & Co. LLC’s board of directors has elected company president Gordon F. DuGan to the position of co-chief executive officer of the firm. DuGan, 36, will direct the company’s corporate strategies with chairman Wm. Polk Carey.

Previously, DuGan headed up the firm’s acquisitions group, overseeing more than $1.5 billion in investments over a three-year period. Since assuming the title of president in 1999, he played a pivotal role in the creation and public listing of W. P. Carey & Co. LLC on the New York Stock Exchange, following the 2000 merger of Carey Diversified LLC and W. P. Carey & Co. Inc. He recently coordinated the $172 million commercial mortgage-backed securitization (CMBS) of properties owned by the W. P. Carey Group.

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