The Real Deal Miami

Michael Fascitelli steps down as Vornado CEO

February 27, 2013 01:00PM

Michael Fascitelli, 1540 Broadway, where Vornado recently signed a deal, and  Steven Roth

Office and retail landlord Vornado Realty Trust announced this morning that CEO Michael Fascitelli is leaving the firm. He will be replaced by Chairman Steven Roth. 

Fascitelli joined the Manhattan-based trust in 1997 and was tapped as its chief executive in 2009; he will step down April 17, Vornado said. Roth indicated he will take over the CEO job only temporarily.

“We will focus hard on a succession plan,” Roth said during the firm’s fourth quarter 2012 earnings call this morning.–Adam Pincus