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Brookfield Promotes Clark, Friedrich

NEW YORK CITY-Ric Clark will become chairman Dennis Friedrich will become CEO at the same time the office REIT also saw its FFO rise in Q1 2012 from 2011.

By Jacqueline Hlavenka | Updated on May 04, 2012

NEW YORK CITY-Brookfield Office Properties, owner of the World Financial Center and developer of Manhattan West, is making several promotions and personnel changes from within. Ric Clark will become chairman of the board of the corporation, passing the CEO torch to Dennis Friedrich, effective July 1.

Mark Brown will assume Fredrich’s role as global chief investment officer, where he will be responsible for the company’s international growth strategy and overseeing acquisition and financing activities throughout the company’s operating and target markets. Previously, Brown served as senior vice president of strategic initiatives & finance in 2005 after two years at Brookfield Asset Management. In addition, Tom Farley will become sole president of BOP and continue his role as global COO. 

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