On January 9, 2013, the Board of Directors of Trinity Place Holdings Inc. elected Mark D. Ettenger, a director of the company, to the office of Chairman of the Board effective January 12, 2013. In such capacity, Mr. Ettenger is now serving as the company's interim principal executive officer, pending the appointment of a permanent Chief Executive Officer. Mr. Ettenger, 56, has been an independent consultant and private investor since 2006.

He served from 2004-2006 as President of Mills Corporation. In this role, he chaired the Operating Committee of Mills among other responsibilities. In addition, on January 13, 2013, director Andrew L. Sole resigned from the Board effective immediately.