Rufrano top contender to be American Realty Capital CEO

The former CushWake chief will likely succeed David Kay
March 05, 2015 02:55PM

Real estate executive Glenn Rufrano has emerged as the front-runner to take David Kay’s former position as the head of American Realty Capital Properties, sources told the Wall Street Journal.

While the decision has not yet been finalized, Rufrano has been interviewed for the position and is seen as the sole finalist, the sources told the newspaper. Rufrano is currently the chairman and CEO of private real estate investment firm O’Connor Capital Partners, and was previously the CEO of Cushman & Wakefield and Australian shopping center owner Centro Properties Group.

Other candidates considered included Thomas Nolan, CEO of Spirit Realty Capital and Craig McNab, CEO of National Retail Properties Inc., but they were not interested in the position, according to the Journal.

Interim CEO William Stanley has been heading up American Realty Capital since mid-December when former chairman Nicholas Schorsch and CEO David Kay departed in the wake of an accounting scandal.

This week, American Realty Capital released corrected financial results for 2014 and said that finding a new CEO is its top priority. [WSJ] — Tess Hofmann