President of Forest City Ratner steps down to start her own firm

March 30, 2011 04:04PM

Joanne Minieri stepped down as president of the New York subsidiary of Forest City Enterprises today, the same day the firm sold 49 percent of its stake in 15 New York City properties. Minieri will continue to advise the New York arm, Forest City Ratner, on major projects, but will launch her own venture geared towards consulting real estate developers and financial services companies.

Minieri joined Forest City Enterprises in 1995 and was promoted to president and COO in 2007. As president she has been closely involved in Forest City’s Atlantic Yards project including breaking ground on the Barclays Center that will be home to the Nets. Bruce Ratner, CEO of Forest City Ratner Companies, called Minieri’s accomplishments with the company “extraordinary,” and Forest City Enterprises CEO Charles Ratner praised the team she assembled. “I am pleased to be leaving at a time with many challenges behind us, and so many signature projects successfully completed,” Minieri said. TRD