NEW YORK-Benjamin H. Griswold, IV has been elected new non-executive chairman of the board at W.P. Carey, LLC. His appointment comes after the passing of founder and chairman Wm. Polk Carey earlier this week.

According to a company statement, Griswold has worked with the company since 2006 when he took on the role of lead director and chairman of the compensation committee. In addition to this new role, he is a board member of Stanley Black & Decker, Baltimore Life Insurance and Flowers Foods. Additionally, he is a partner and chairman at Brown Advisory. Prior to this, he was senior chairman of Deutsche Bank Securities Inc. Griswold’s resume also includes a stint as director of the New York Stock Exchange.

In regards to his new position, Griswold says, “A significant component of Bill's legacy is the balanced strength of this organization and the quality of our people at all levels, which is consistent with the gold standard he set for himself and others.”