William Kahane replaces Nick Schorsch at American Realty Capital Global Trust
New executive chairman at REIT is longtime investment partner.
American Realty Capital Global Trust Inc. appointed William Kahane as executive chairman, replacing Nicholas Schorsch.
The company made the management change on Feb. 11, according to a filing today. Mr. Kahane resigned as chief operating officer, American Realty Capital Global Trust said.
In December, Mr. Schorsch resigned from the boards of 13 companies to focus on strategy at his investment firm AR Capital. The departures came after he quit as chairman of American Realty Capital Properties Inc., which in October disclosed that it had accounting errors that were intentionally concealed.
(More: Accounting fiasco highlights tangled web behind Nicholas Schorsch’s empire)
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