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Mack-Cali president to assume CEO post

Mack-Cali Realty Corp. announced April 5 that President Michael DeMarco will take on the additional title of CEO, while current CEO Mitchell Rudin will assume the newly created role of vice chairman.

Both changes are effective immediately.

Rudin and DeMarco joined the company in 2015, replacing Mitchell Hersh. Rudin had served as president and CEO of U.S. operations for Brookfield Office Properties Inc. DeMarco previously held leadership positions at Vornado Realty Trust, Fortress Investments and Lehman Brothers Real Estate Investment Banking Group.