Leucadia National Corporation CFO to Retire for Health Reasons
April 09 2014 - 2:09PM
Business Wire
Leucadia National Corporation (NYSE:LUK) today announced that
Joseph A. Orlando, its Chief Financial Officer, intends to retire
by August 31, 2014, due to orthopedic health issues that require
his attention. A search is underway to recruit Mr. Orlando’s
successor.
Richard B. Handler, Chief Executive Officer, and Brian P.
Friedman, President, stated: "Joe is an outstanding partner and
professional whom we will miss, but we support his need to focus on
his health and comfort. We will diligently consider candidates for
our CFO position and are confident we will succeed in recruiting a
similarly world class professional for this role. We appreciate
Joe's commitment to a smooth transition."
Joseph S. Steinberg, Chairman of Leucadia, commented: "Joe
Orlando and I have worked together for more than twenty-five years.
His contributions to Leucadia's success have been far greater than
the title CFO would otherwise describe. We will miss him very much
and hope his health issues will be completely and successfully
resolved."
Mr. Orlando stated: "My twenty-seven years at Leucadia have been
incredible and will forever be an important part of my life. I
retire from the company with enormous confidence in our team and
business."
About Leucadia
Leucadia National Corporation (NYSE: LUK) is a diversified
holding company engaged through its consolidated subsidiaries in a
variety of businesses, including investment banking and capital
markets, beef processing, manufacturing, energy projects, asset
management and real estate. The Company also owns equity interests
in operating businesses that are accounted for under the equity
method of accounting, including a commercial mortgage banking and
servicing business, automobile dealerships and telecommunications
services in Italy.
Leucadia National CorporationLaura Ulbrandt, 212-460-1900
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