2026-03-16 20:20:12
Empire State Realty Trust Appoints New Chief Accounting Officer
Expected Stock impact: Slightly Positive
On March 15, 2026, Empire State Realty Trust, Inc. announced the appointment of Jean Sutherland as the Chief Accounting Officer and principal accounting officer of the Company and its operating partnership, Empire State Realty OP, L.P. This change is effective March 16, 2026. Sutherland, who is 38 years old, has been with the Company since June 2024, serving as Vice President of Financial Reporting and Accounting Policy. Her previous experience includes over seven years at WeWork, where she oversaw financial reporting and technical accounting teams. She also worked at Ernst & Young LLP for over five years, focusing on clients in real estate, hospitality, construction, and manufacturing. The current Chief Financial Officer, Stephen V. Horn, will retain his position while transitioning his accounting duties to Sutherland. The Company plans to enter into an indemnification agreement with Sutherland, similar to those with other officers, to protect her against certain liabilities incurred in her role. This leadership change is expected to enhance the financial oversight of the Company, reflecting a commitment to strong governance and operational execution.
