Who has been appointed as the new Principal Accounting Officer for Realty Income?

Sean P. Nugent has been appointed as the Principal Accounting Officer for Realty Income, effective January 1, 2022. He will also continue in his role as Senior Vice President and Controller.

What is Sean P. Nugent's experience with Realty Income?

Mr. Nugent has a long history with Realty Income, joining the company in 2006. He has held several senior accounting positions, including Accounting Manager, Associate Vice President & Assistant Controller, Vice President & Controller, and most recently, Senior Vice President & Controller since 2017. He also served as interim Principal Financial Officer and Treasurer.

Does this appointment involve any new compensation arrangements for Mr. Nugent?

According to the filing, Mr. Nugent has not entered into any material plan, contract, arrangement, or amendment in connection with his appointment as Senior Vice President, Controller, and Principal Accounting Officer.

Is Sean P. Nugent related to any current directors or executive officers?

No, the filing states that Mr. Nugent has no family relationships with any director, executive officer, or person nominated to become a director or executive officer of the Company, nor is he involved in any transactions requiring disclosure under Item 404(a) of Regulation S-K.

O 8-K: Leadership Changes

Summary

Realty Income Corporation (O) announced a key leadership change in its accounting department through an 8-K filing on November 19, 2021. The most significant event is the appointment of Sean P. Nugent as the Company's Principal Accounting Officer, effective January 1, 2022. Mr. Nugent will concurrently serve as Senior Vice President and Controller. This appointment signifies continuity and internal promotion within the company's finance team. Mr. Nugent brings extensive experience, having been with Realty Income since 2006 and holding various senior accounting roles, including interim Principal Financial Officer and Treasurer. His background as a CPA and his long tenure suggest a deep understanding of the company's financial operations, which should provide investors with confidence in the stability of its financial reporting.

Key Highlights

1Sean P. Nugent appointed Principal Accounting Officer, effective January 1, 2022.
2Mr. Nugent will also continue as Senior Vice President and Controller.
3Mr. Nugent has been with Realty Income since 2006, holding various senior accounting roles.
4He previously served as interim Principal Financial Officer and Treasurer from January 2020 to January 2021.
5Mr. Nugent is a licensed Certified Public Accountant (CPA) in California.
6His appointment indicates internal promotion and leadership continuity within the company's accounting function.

REALTY INCOME CORP 8-K Report, Executive Changes (Nov 19, 2021)

Summary

Key Highlights

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