Statement concerning media reports of leadership succession at Forest City
CLEVELAND, Jan. 31, 2013
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
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.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
SOURCE Forest City Enterprises, Inc.
Contact: Jeff Linton, Senior Vice President - Corporate Communication,
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