New York City — Seritage Growth Properties, a national owner and developer of 170 retail, residential and mixed-use properties, has named John Garilli, an existing consultant to the company and former CEO of New York REIT, as interim chief financial officer. He will assume this position on a full-time basis upon Amanda Lombard’s departure, effective January 14, 2022.
“We are pleased to have an executive of John’s caliber to step into the CFO role,” says Andrea Olshan, president and chief executive officer of Seritage Growth Properties. “John has been engaged with Seritage as a consultant for some time and is intimately familiar with our business. He is a seasoned executive who brings extensive REIT leadership experience, and we look forward to continuing to benefit from his deep financial and industry expertise.”
Garilli is a veteran public company executive with more than 15 years of experience in real estate leadership roles. He has been a member of Winthrop Capital Advisors LLC and its affiliates since 1995, currently serving as president and COO. Garilli currently serves as interim president and CEO of Luby’s, Inc., a national restaurant company operating the Luby’s Cafeterias and Fuddruckers brands, since February 2021 and will continue to serve in that role in the near term. Garilli has served as CEO, president, CFO, treasurer and secretary of New York REIT Liquidating LLC since 2018. Prior to this, he served as the CEO of its predecessor, New York REIT, Inc.
Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States. As of September 30, 2021, the company’s portfolio consisted of interests in 170 properties.
SOURCE: Seritage Growth Properties