MICHAEL FASCITELLI TO STEP DOWN AS VORNADO CEO

PARAMUS, N.J. — Michael Fascitelli has resigned as Vornado Realty Trust’s president and chief executive officer, effective April 15. Fascitelli said he plans to take a break after which time he will pursue new challenges. He will continue to serve on Vornado's Board of Trustees. Fascitelli joined Vornado 16 years ago as president and trustee. In May 2009, he became chief executive officer. The board has appointed Steven Roth, the company's chairman, as the new chief executive officer. Vornado is one of the largest owners and managers of commercial real estate in the United States with a portfolio of more than 100 million square feet, primarily located in the New York and Washington, D.C. areas. The publicly traded real estate investment trust trades under the symbol VNO on the New York Stock Exchange.