Shorenstein has shuffled its executive management team as part of its long-planned internal corporate realignment. The changes come months after the death of CEO Doug Shorenstein from cancer last year. Doug is known for growing the company into the national presence it has today.
Under the changes, Charlie Malet (above left) has been promoted to president of Shorenstein Properties; he'll remain chief investment officer. Charlie is responsible for the day-to-day management of the business.
Glenn Shannon, who has been president since 2001, has been promoted to president of a newly created family office. Glenn (above center) will provide advice and support to the Shorenstein family on their investments and business interests. Glenn will remain vice chairman of Shorenstein Properties and will continue to help with management and investment of the funds it sponsors.
Brandon Shorenstein, Doug's son, has been promoted to EVP of Shorenstein Properties, where he will help guide strategic direction and investment activity. Brandon (above right) continues to play a major role overseeing Shorenstein family enterprises and the family's multifamily residential investment program, which is led day-to-day by managing director Meg Spriggs.
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