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Ramco-Gershenson Makes Executive Changes

FARMINGTON HILLS, MI- Ramco-Gershenson Properties Trust is moving forward with its corporate reorganization that will diminish the day-to-day responsibilities of owners Bruce Gershenson and Michael Ward.

By Dan Heaton | Updated on June 10, 2005

FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust is making several changes in its corporate leadership due to the departure of a key player in the company’s leadership team.

Richard Gershenson has resigned as executive vice president and secretary of the company, effective June 1, to pursue private business opportunities. Gershenson is one of the son’s of company co-founder William Gershenson.

Gershenson headed the company’s development group. This responsibility has been reassigned to Fred Zantello, who has also been named executive vice president.Gershenson will continue to work with the company in a consulting role for one year. The company announced several years ago that it would begin to work to relieve Bruce Gershenson, formerly executive vice president and treasurer, and Michael Ward, formerly executive vice president and COO, of some of their day-to-day duties with the REIT.

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