Related California co-founder and chairman Bill Witte is stepping down as CEO.

Effective Jan. 1, 2026, the company's Gino Canori will become president and CEO of Related California’s market-rate division, while Ann Silverberg will become president and CEO of the firm's affordable division. Witte will move into the role of chairman emeritus at that time.

Related California is the West Coast arm of Related Cos. Witte founded Related California with Stephen Ross in 1989.

In his nearly 40-year tenure, Witte grew a portfolio that now encompasses more than 21,000 residential units completed or under construction, including public housing redevelopments, mixed-income housing, market-rate projects and mixed-use developments.

Related California recently opened a project at 700 Broadway in Santa Monica that returns a Vons to the neighborhood and adds 280 apartments, including 84 income-restricted units for low-income and moderate-income households.

But there also have been unrealized projects, such as the apartments planned for a 9-acre Santa Clara site lost to foreclosure earlier this year.

Witte's successors are veteran Related California leaders. Canori has a more-than-24-year record with the company and is currently its president. Silverberg has been the CEO of Related California’s Northern California affordable and northwest divisions for the past seven years.