American Realty Capital Names Rufrano CEO, Alters Its Board

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American Realty Capital Properties Inc., the real estate investment trust whose senior leadership resigned after an accounting scandal, named Glenn Rufrano as its chief executive officer and said two directors will leave.

Rufrano, the former CEO of brokerage Cushman & Wakefield Inc., will assume the role on April 1, American Realty Capital Properties, also known as ARCP, said in a statement Tuesday. He succeeds William Stanley, who had been interim CEO since December and will remain as interim chairman.