Escondido-based Realty Income Corp. has appointed Sumit Roy to the post of chief operating officer, effective Oct. 1.
Officials of the real estate investment trust said Roy will succeed Gary M. Malino, who plans to step down as president and COO in October. Malino, who has been Realty Income’s president and COO since 2001, will serve as a consultant to the company until Jan. 31, 2015, assisting with the transition process.
Chief Executive Officer John P. Case will reassume his former title of president, and Roy will maintain his current responsibilities as the company’s chief investment officer, officials said.
Realty Income Corp. (NYSE: O) was established in 1969 and invests primarily in retail, industrial and related commercial properties.