Earle Mack, a senior partner of the Mack Co., has resigned from Mack-Cali Realty Corp.’s board of directors. A statement from the company cited Mack’s desire to "emphasize other aspects of his career, public, civic life and philanthropy" as the reasons for his departure from the board. Mack-Cali (NYSE: CLI) is a major Northeastern REIT with a $2 billion equity market cap.
Earle’s brother David has been appointed to fill the board vacancy. David and Earle Mack are the brothers of Mack Co. Chairman William Mack.
"We are very thankful for Earle’s valuable contributions to the company over the past six years, and wish him well in his new endeavors. We are pleased to have David take a more direct role in the strategic direction of the company as a member of our board of directors," says Mitchell Hersh, CEO and a director of Mack-Cali.