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Mack-Cali Shuffles Executive Ranks

Names New CFO, Head of Leasing
January 31, 2018
In a management shake-up, Mack-Cali Realty Corp. has made two major changes to its executive team, announcing the appointments of David Smetana as chief financial officer and Nicholas Hilton as executive vice president of leasing.

Smetana will take on his duties as CFO following the exit of Anthony Krug, who will be leaving Mack-Cali to pursue other opportunities, according to Mack-Cali. Krug will continue to serve as CFO during a transition period in the first quarter.

Hilton will start in February, and current executive vice president of leasing Christopher DeLorenzo will also depart the firm after a transition period, Mack-Cali said.

Most recently, Smetana was a managing director and REIT securities analyst on Morgan Stanley Investment Management’s Global REIT Securities Team from 2001 to 2017. Previously, Smetana was a REIT investment banker at Morgan Stanley and was part of Morgan Stanley’s Real Estate Special Situations Fund from 1997 to 2001.

Hilton was most recently a senior vice president at CBRE Group Inc., where he spent more than 13 years and worked with firms like Mack-Cali, Bentall Kennedy, Royal Bank of Canada, Ernst & Young and The Boston Consulting Group.

"David’s extensive knowledge of the real estate industry includes over 20 years of REIT experience, and we believe that he will bring significant experience and leadership in his new role as chief financial officer," Mack-Cali CEO Michael DeMarco said in a statement, describing Hilton as "extremely knowledgeable about the waterfront and the New Jersey office markets."



Linda Moss, Northern New Jersey Market Reporter  CoStar Group   
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