CLEVELAND, Jan. 31, 2013 /PRNewswire/ -- In response to recent media reports concerning leadership succession at Forest City Ratner Companies (FCRC), parent company Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), issued the following statement:
At this time, the company has no definitive announcement to make concerning potential leadership succession at FCRC. The company emphasizes that any such announcement and change in leadership, when appropriate, would be the result of ongoing succession planning that the company undertakes continuously and as a matter of course. Moreover, under any potential leadership succession for FCRC, the company expects that Bruce C. Ratner, FCRC chairman and CEO, will remain deeply engaged and involved in the business that he founded and built into one of New York City's preeminent real estate concerns.
SOURCE Forest City Enterprises, Inc.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts