By Paul Rosta, Senior Editor<\/p>\n
Veteran HFF Inc. executive Mark Gibson will succeed John Pelusi as the firm\u2019s CEO, the capital markets services firm announced last night. Joe Thornton, another longtime leader at the company, will take Pelusi\u2019s place as managing member of HFF\u2019s two operating partnerships, HFF L.P. and HFF Securities L.P., and will also assume the title of president.<\/p>\n
Both appointments, and Pelusi\u2019s resignation, will take effect next April 1. Pelusi has served in those roles since HFF Inc.\u2019s initial public offering in 2007.<\/p>\n
A statement released by the firm\u2019s lead director, Deborah McAneny, credited Pelusi with implementing a strategy \u201cthat has resulted in outstanding growth in share price over the past five years for our stockholders.\u201d \u00a0Gibson and Thornton, she added, \u201chave been an integral part of the success of the Company and the Operating Partnerships since their inception . . . Their succession to these important roles is pursuant to the detailed succession plans developed by the Board and management.\u201d McAneny added that Pelusi would continue to work at HFF as a transaction professional.<\/p>\n
For his part, Pelusi stated that he was committed \u201cto remain fully engaged to accomplish a smooth and complete transition of the CEO duties, the managing member duties and the leadership roles\u201d that he will relinquish next year.<\/p>\n
Gibson has been associated with HFF and its predecessors for nearly three decades. He joined the firm\u2019s predecessor, Holliday Fenoglio & Co., in 1984, and is a founding partner of HFF. He has been an executive managing director of HFF L.P. since 2003, and served as a member of HFF L.P.\u2019s governing committees from 2003 to 2010, when he was also co-head of the company\u2019s Dallas office. Since 2010, he has been a member of the company\u2019s current executive committee. He oversees HFF Inc.\u2019s investment sales, HFF Securities and investment banking businesses.<\/p>\n
Thornton started his career with HFF L.P.\u2019s predecessor in 1992 has served on the executive committee since 2010 and runs the company\u2019s note sales business. Like Gibson, he served on the company\u2019s governing committees from 2003 to 2010 and was also co-head of its Dallas office during that time.<\/p>\n
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Veteran HFF Inc. executive Mark Gibson will succeed John Pelusi as the firm\u2019s CEO. Joe Thornton, another longtime leader at the company, will take Pelusi\u2019s place as managing member of HFF\u2019s two operating partnerships and will also assume the title of president. Both appointments, and Pelusi\u2019s resignation, will take effect next April 1.<\/p>\n","protected":false},"author":445,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21744],"tags":[],"class_list":["post-1004086791","post","type-post","status-publish","format-standard","hentry","category-finance","category-latest","category-people"],"acf":[],"yoast_head":"\n