AMREP Announces Appointments of Chief Executive Officer and Chief Financial Officer
September 18 2017 - 4:30PM
AMREP Corporation (the “Company”) (NYSE:AXR) today announced that
Christopher Vitale has been appointed as President and Chief
Executive Officer of AMREP. In addition, James McMonagle, Jr.
has been appointed as Vice President and Chief Financial Officer of
AMREP, with Robert Wisniewski retiring as Chief Financial Officer
of AMREP.
Mr. Vitale had been AMREP’s Executive Vice
President, Chief Administrative Officer and General Counsel since
September 2014 and was AMREP’s Vice President and General Counsel
from 2013 to 2014. In commenting on Mr. Vitale’s promotion,
Edward B. Cloues, II, Chairman of AMREP, said that the Board of
Directors believes that Mr. Vitale is well qualified to assume the
leadership role at the Company. “Chris has been managing AMREP’s
operations since 2014 as our principal executive officer and has
been at the center of our efforts to restructure and simplify our
business portfolio and balance sheet. He has effectuated continuing
positive change at AMREP and, with AMREP now in a position to begin
expanding its operations and grow its business, the Board is
confident that Chris will successfully lead us through the next
stage of our business growth.”
Prior to being appointed Vice President and
Chief Financial Officer of AMREP, Mr. McMonagle had been Vice
President, Finance of the Company since February 2017. Prior to
joining AMREP, Mr. McMonagle had been Director of Finance of The
Lloyd Group, Inc., a technology services firm, and Vice President,
Finance of SnapOne, Inc., a cloud-based mobile software
company. Mr. McMonagle has held various other senior
accounting and financial positions for private and publicly traded
companies in multiple industries earlier in his career.
“Jim has demonstrated strong leadership during
his time with AMREP and is ready to assume the full oversight of
our finance and accounting function,” said Mr. Cloues.
“He was recruited to join AMREP by Bob Wisniewski, who had worked
with him previously. Chris, Bob and I believe that Jim will
be a great asset to AMREP as we further streamline the finance and
accounting function and expand the operations of the Company. We
thank Bob for assuming the role of Chief Financial Officer during
the past year and for his experienced guidance in many areas, and
we wish him well in his retirement.”
About AMREP – AMREP
Corporation, through its subsidiaries, is primarily engaged in two
business segments: its Real Estate business operated by AMREP
Southwest Inc. and its subsidiaries is a major holder of real
estate in the Rio Rancho, New Mexico area and its Fulfillment
Services business operated by Palm Coast Data LLC and its
affiliates provides subscription fulfillment, contact center and
related services to publishers, membership organizations,
government agencies and others.
CONTACT:James McMonagleVice President and Chief
Financial Officer(610) 487-0902
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