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W. P. Carey promotes controller to chief accounting officer

W. P. Carey Inc. promoted Arjun Mahalingam to chief accounting officer from controller, effective Oct. 5, replacing ToniAnn Sanzone, who will assume the company's interim CFO role, effective Oct. 14.

Meanwhile, W. P. Carey affiliate Corporate Property Associates 17 - Global Inc. also appointed Kristin Sabia to chief accounting officer from controller, effective Oct. 5, replacing Sanzone, who will become the company's CFO, effective Oct. 14.