CRE Finance Council's Chief Executive Officer Dottie Cunningham has resigned from her position.
John D’Amico, president-elect of CRE Finance Council, will be the interim CEO until a replacement for Cunningham is named. Separately, D'Amico will start his one-year term as president of the organization in June 2011.
A search committee comprising the Council's past presidents has been established to present a new executive director candidate to the Council’s board of governors for their approval by the end of the year.
“Leading the CRE Finance Council during the past 12 years has been extremely rewarding," Cunningham said. "I’m very proud to have taken part in the substantial growth and evolution of this organization during my time here."
She added that they have established a very solid foundation upon which the organization can grow to serve the commercial real estate (CRE) finance market. "Council membership, sponsorships and conference registrations have increased substantially during the last year, so I’m confident that the time is right for me to move onto the next chapter of my life. The Council is well poised for continued success,” she said.
"On behalf of the CRE Finance Council, its officers, Board of Governors, and members, I want to thank Dottie for the years of tireless service that she has provided to our organization, " current CRE Finance Council President Lisa Pendergast said. “Under Dottie’s leadership, the CRE Finance Council has grown and prospered, becoming a leader in the commercial real estate finance marketplace. We will miss Dottie and wish her all the best in her future ventures.”
Pendergrast added: “I look forward to working with John over the next several months as we prepare for the January Conference in Washington, D.C. and continue to work with regulators and legislators on the number of regulatory deadlines on the near-term horizon."
She added that D'Amico's industry experience, his dedication to the Council shown in the previous years, and his past experience in co-chairing its conferences make him well suited to run the Council for this interim period.