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United States

W. P. Carey Inc (WPC)

WPC on New York Consolidated

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20 Oct 2017
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Summary

Name Age Since Current Position

Benjamin Griswold

76 2012 Independent Non-Executive Chairman of the Board

Jason Fox

44 2015 President

Mark DeCesaris

57 2016 Chief Executive Officer, Director

ToniAnn Sanzone

40 2017 Chief Financial Officer

Trisha Miller

2017 Chief Executive Officer - Carey Financial

John Park

52 2016 Director of Strategy, Capital Markets

Margaret Lewishas

63 2017 Director

Mark Alexander

58 2016 Independent Director

Peter Farrell

56 2016 Independent Director

Axel Hansing

74 2011 Independent Director

Jean Hoysradt

66 2014 Independent Director

Richard Marston

74 2011 Independent Director

Christopher Niehaus

58 2016 Independent Director

Nick van Ommen

70 2011 Independent Director

Peter Sands

IR Contact Officer

Biographies

Name Description

Benjamin Griswold

Mr. Benjamin H. Griswold, IV is the Independent Non-Executive Chairman of the Board of the Company. Mr. Griswold is a partner and Chairman of Brown Advisory Inc. ("Brown Advisory"), a Baltimore-based firm providing asset management and strategic advisory services in the U.S. and abroad. Prior to joining Brown Advisory as senior partner in March 2005, Mr. Griswold had served as Senior Chairman of Deutsche Bank Securities Inc. He had served as Senior Chairman of Deutsche Banc Alex. Brown, the predecessor of Deutsche Bank Securities Inc., since the acquisition of Bankers Trust by Deutsche Bank in 1999. Mr. Griswold began his career at Alex. Brown & Sons in 1967, and became a partner of the firm in 1972. He headed the company's research department, equity trading and equity division prior to being elected Vice Chairman of the Board and Director in 1984, and Chairman of the Board in 1987. Upon the acquisition of Alex. Brown by Bankers Trust New York Corporation in 1997, he became Senior Chairman of BT Alex. Brown. Mr. Griswold is a member of the boards of Stanley Black & Decker and Flowers Foods. A former Director of the New York Stock Exchange, he is active in civic affairs in the Baltimore area and serves as an Emeritus Trustee of Johns Hopkins University and heads the endowment board of the Baltimore Symphony Orchestra. Mr. Griswold received his B.A. from Princeton University and his M.B.A. from Harvard University and served as a U.S. Army officer.

Jason Fox

Mr. Jason E. Fox is the President of the Company. Mr. Fox has served as President of W. P. Carey since June 2015 and currently oversees both the investment and asset management activities of the Company and the CPA® REITs. Mr. Fox also served as Head of Global Investments for W. P. Carey from April 2015 to December 2016, after serving in various capacities with increasing responsibilities in the Investment Department since joining the Company in July 2002. During his tenure, Mr. Fox has been responsible for sourcing, negotiating, and structuring acquisitions on behalf of W. P. Carey and the CPA® REITs. Mr. Fox graduated magna cum laude from the University of Notre Dame, where he earned a B.S. in Civil Engineering and Environmental Science. He received his M.B.A. from Harvard Business School.

Mark DeCesaris

Mr. Mark J. DeCesaris is the Chief Executive Officer and Director of the Company. He had served as Chief Financial Officer of the Company, CPA:16 – Global and CPA:17 – Global from July 2010 to March 2013, having previously served as Acting Chief Financial Officer, Managing Director and Chief Administrative Officer of the Company and CPA:16 – Global since November 2005 and of CPA:17 – Global since October 2007. Mr. DeCesaris had also served as Chief Financial Officer of CPA:18 – Global from September 2012 to March 2013 and as Chief Financial Officer of CWI from March 2008 (and as Chief Administrative Officer from September 2010) to March 2013. He has served on the Board of Managers of Carey Financial, LLC, the Company's broker-dealer subsidiary ("Carey Financial"), since 2006, and as Chairman since May 2013. Prior to joining W. P. Carey, from 2003 to 2004 Mr. DeCesaris was Executive Vice President for Southern Union Company. From 1999 to 2003, he was Senior Vice President for Penn Millers Insurance Company, a property and casualty insurance company, where he served as President and Chief Operating Officer of Penn Software, a subsidiary of Penn Millers Insurance. From 1994 to 1999, he was President and Chief Executive Officer of System One Solutions, a business consulting firm that he founded. Mr. DeCesaris is a licensed Certified Public Accountant and started his career with Coopers & Lybrand in Philadelphia. Mr. DeCesaris graduated from King's College with a B.S. in Accounting and a B.S. in Information Technology. He has served as Vice Chairman of the Board of Trustees of King's College since October 2010 and as a member of the Board of Directors of Petroleum Service Co. and Mountain Productions since 2009 and 2012, respectively, and he is a member of the American Institute of Certified Public Accountants.

ToniAnn Sanzone

Ms. ToniAnn Sanzone is the Chief Financial Officer of the Company. Ms. Sanzone was appointed Chief Financial Officer in February 2017, having served as Interim Chief Financial Officer since October 2016 and as Chief Accounting Officer since June 2015. She also served as Chief Financial Officer of CPA®:17—Global and CPA®:18—Global from October 2016 to March 2017, having previously served as Chief Accounting Officer of each since August 2015. In addition, Ms. Sanzone served as Chief Financial Officer of CWI 1 and CWI 2 from October 2016 to March 2017. Prior to joining the Company as Controller in April 2013, Ms. Sanzone worked from 2006 to 2013 at iStar Inc., a publicly-traded, fully integrated finance and investment company, where she served in various capacities, including most recently as Corporate Controller. From 2004 to 2006, Ms. Sanzone served in various accounting and financial reporting roles at Bed Bath and Beyond, Inc., a publicly traded company. Ms. Sanzone also held various positions in the assurance and advisory services practice of Deloitte LLP from 1998 to 2004. Ms. Sanzone is a Certified Public Accountant licensed in the states of New York and New Jersey. She graduated magna cum laude with a B.S. in Accounting from Long Island University, C.W. Post (now LIU Post).

Trisha Miller

Ms. Trisha A. Miller is Chief Executive Officer - Carey Financial, a subsidiary of the Company. In that capacity, will continue to maintain primary responsibility for the day-to-day oversight and management of Carey Financial.

John Park

Mr. John J. Park serves as Director of Strategy and Capital Markets of the Company. Mr. Park has served as Director of Strategy and Capital Markets of W. P. Carey since March 2016, after serving in various capacities since joining the Company as an investment analyst in 1987, including most recently as Director of Strategic Planning. During his tenure, he has spearheaded the transactions that have transformed the company, including consolidation and listing of CPA®:1-9 as Carey Diversified LLC in 1998, its merger with W. P. Carey & Co. Inc. in 2000, liquidity transactions of CPA®:10, CIP®, CPA®:12 and CPA®:14 and the Company's merger with CPA®:15 and REIT conversion in 2012. Mr. Park received a B.S. in Chemistry from Massachusetts Institute of Technology and an M.B.A. in Finance from Stern School of Business at New York University. He also serves as a trustee of the W. P. Carey Foundation.

Margaret Lewishas

Ms. Margaret G. Lewishas is Director of the Company. As a senior healthcare executive, Ms. Lewis served as President of the Capital Division of Hospital Corporation of America (HCA) fromJanuary 2006toDecember 2013, where she oversaw 17 HCA hospitals inVirginia,New Hampshire,KentuckyandIndiana. Before that, she served as President of the Central Atlantic Division of HCA. She also served as Chief Executive Officer of CJW Medical Center, which managed the operations of Chippenham and Johnston-Willis hospitals in theRichmondarea. Ms. Lewis is a Trustee of Averett University and served on the Commonwealth ofVirginiaGovernor-Elect Appointee Health & Human Resources Transition Team Task Force in 2013. From 1998 to 2006 she served on the Board ofJohn Tyler Community CollegeFoundation and was recognized by theJohn Tyler Community CollegeFoundation with the Margaret G. Lewis Endowed Scholarship in 2007. Ms. Lewis holds an Associate Degree in Nursing from John Tyler Community College, a Bachelor of Science in Nursing from the Medical College of Virginia and an MBA from Averett University. In addition, she is certified as a Fellow of the American College of Healthcare Executives (FACHE).

Mark Alexander

Mr. Mark Adam Alexander is an Independent Director of the Company. He is Chairman and CEO of Alexander Investors LLC, a private equity and real estate management company. Prior to founding Alexander Investors in 2009, Mr. Alexander served as CEO, President and Director of Suburban Propane Partners, L.P. (NYSE:SPH), a distributor of propane gas to approximately 1.1 million residential, commercial, industrial and agricultural customers in 41 states. Prior to Suburban Propane Partners, Mr. Alexander served as Senior Vice President Corporate Development at Hanson Industries, Inc., the US arm of Hanson PLC, in London. Mr. Alexander is a graduate of the University of Notre Dame and is a Certified Public Accountant. He has served on the Board of Kaydon Corporation (NYSE:KDN) and as a Director of the Business Advisory Council at Notre Dame’s Mendoza College of Business.

Peter Farrell

Mr. Peter J. Farrell is an Independent Director of the Company. Before joining Medical Office Properties, Mr. Farrell served in various positions at Legg Mason Wood Walker. During his tenure, he served as Vice President of Legg Mason Wood Walker and Managing Director of Legg Mason Realty Advisors, where he was an investment banker overseeing both private and public real estate companies’ efforts to raise private equity in foreign and domestic markets and also advised on debt placements. Prior to joining Legg Mason, Mr. Farrell spent 13 years in commercial real estate leasing and sales at Shannon and Luchs Company and Cassidy and Pinkard Inc. in Washington, DC. During 2004 and 2005, Mr. Farrell served as Director of CRT Properties Inc. and was a member of the Investment, Compensation and Governance Committees. The NYSE-listed REIT was sold and merged into DRA Advisors in 2005. A graduate of Georgetown University, Mr. Farrell serves on boards of several educational institutions and philanthropic organizations.

Axel Hansing

Mr. Axel K. A. Hansing is an Independent Director of the Company. Mr. Hansing is a Partner at Coller Capital, Ltd., a global leader in the private equity secondary market, and is responsible for the origination, execution and monitoring of investments. Prior to joining Coller Capital in 2000, Mr. Hansing was Chief Executive Officer of Hansing Associates, a corporate finance boutique, which he founded in 1994. He was previously Managing Director of Equitable Capital Management (New York and London), head of the International Division of Bayerische Hypotheken und Wechsel-Bank in Munich and New York, and spent four years with Merrill Lynch International Banking in London and Hong Kong. Mr. Hansing attended the Advanced Management Program at Harvard Business School. Mr. Hansing has served as a member of the Investment Committee since September 2008 and a member of the board of directors of W. P. Carey International LLC ("WPCI," as described below) since December 2008.

Jean Hoysradt

Ms. Jean E. Hoysradt is an Independent Director of the Company. Ms. Hoysradt has served as Chief Investment Officer of Mousse Partners Limited, an investment office based in New York, since April 2001. She served as Senior Vice President and Head of Securities Investment and Treasury at New York Life Insurance Company from 1991 to 2000, and previously held positions in investment banking and investment management at Manufacturers Hanover, First Boston and Equitable Life. A graduate of Duke University, Ms. Hoysradt also holds an M.B.A. from the Columbia University School of Business. She is a member of Duke University Management Company's Board of Directors and Audit Committee.

Richard Marston

Dr. Richard C. Marston is an Independent Director of the Company. Dr. Marston is the James R.F. Guy Professor of Finance and Economics at the Wharton School of the University of Pennsylvania, having joined the faculty of the University in 1972. Dr. Marston holds degrees from Yale College (summa cum laude), Oxford University (where he was a Rhodes Scholar), and Massachusetts Institute of Technology (PhD) and has been awarded numerous honors, fellowships and grants throughout the United States, Europe and Asia. Dr. Marston has been a consultant on foreign exchange and international finance to government agencies like the U.S. Treasury and the Federal Reserve and the International Monetary Fund and has advised firms such as Citigroup, JP Morgan, and Morgan Stanley on investment policy. He currently serves as an advisor to several family offices. Dr. Marston has served as a member of the Investment Committee since September 2010 and a member of the board of directors of WPCI since June 2009.

Christopher Niehaus

Mr. Christopher Niehaus is an Independent Director of the Company. He is a Partner of GreenOak Real Estate with responsibility for its US business and is a member of its Global Investment Committee. GreenOak is an independent, partner owned, real estate principal investing and advisory firm. Prior to GreenOak, Mr. Niehaus spent 28 years at Morgan Stanley where he helped build and run one of the leading global real estate banking, lending and investing businesses. He was named Co-Head of Global Real Estate Investment Banking in 1994 and was Vice Chairman of Morgan Stanley Real Estate from 2006 to 2010. A graduate of Dartmouth College, Mr. Niehaus holds an MBA from Harvard Business School. He is on the Executive Board of the International Council of Shopping Centers, the President’s Leadership Council of Dartmouth College and serves as Chairman of the Board of Student Sponsor Partners.

Nick van Ommen

Mr. Nick J. M. van Ommen is an Independent Director of the Company. Mr. van Ommen served as Chief Executive Officer of the European Public Real Estate Association (EPRA) from 2000 to 2008, promoting, developing and representing the European public real estate sector. He has over three decades of financial industry experience, serving in various roles in the banking, venture capital and asset management sectors. Mr. van Ommen currently serves on the supervisory boards of several companies, including VASTNED Retail and Intervest Offices & Warehouses, listed real estate companies in Belgium, and IMMOFINANZ AG, a listed real estate company in Austria. Mr. van Ommen has served as a member of the Investment Committee since September 2008 and a member of the board of directors of WPCI since December 2008. An M.B.A. graduate and a fellow of the Royal Institute of Chartered Surveyors (FRICS), Mr. van Ommen brings to the Board over 30 years of financial and real estate experience, particularly in Europe.

Peter Sands

Basic Compensation