www.rexcorprealty.com/press_detail_22.htm -
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Published on: 8/3/2006
Last Visited: 12/9/2008
Appointed Dr. Edward Casas to the Company's Board of Directors.
Dr. Casas brings a diverse background with varied industry experience to Reckson's board.
Dr. Casas is currently a Managing Director and Practice Co-Head of Navigant Capital Advisors, where he oversees activities for all practice areas including the Investment Banking, Restructuring, Valuation and Lender Services advisory groups.
Prior to its acquisition by Navigant in 2005, Dr. Casas was the Founding Member and Senior Managing Director of Casas, Benjamin & White, LLC ("CBW"), a leading mergers, acquisitions and financial restructuring firm, where he supervised all aspects of CBW's restructuring engagements.
Dr. Casas has significant expertise in working with large groups of creditors, boards of directors and company managements and has led reorganizations in a breadth of industries including business services, construction services, healthcare, information technology, manufacturing and real estate.
Dr. Casas' previous positions include President and Chief Executive Officer of PrimeCare International, Inc., Vice President of Mergers & Acquisitions of Caremark International, Inc., Executive Vice President of CES Corporation, Chairman of the Board of Mediq, Inc. and Chairman of the Board of HQ Global.
Announced Reckson's board of directors has authorized the re-institution of the Company's common stock repurchase program, which had been inactive since March 2003.
Pursuant to the authority granted by the board, the Company may repurchase up to an aggregate of 5 million shares of its common stock.
Relocating the Company's Long Island corporate headquarters on August 14, 2006 to 625 Reckson Plaza, Uniondale, New York 11556, telephone (516) 506-6000 and facsimile (516) 506-6800.