Vornado Realty Trust announced that Michael D. Fascitelli has resigned as the company's President and Chief Executive Officer, effective April 15, 2013. He plans to take a break after which he will pursue new challenges. Mr. Fascitelli will continue to serve on Vornado's Board of Trustees.

Steven Roth, the company's Chairman, was appointed by the Board of Trustees as Chief Executive Officer. Mr. Fascitelli joined Vornado 16 years ago as President and Trustee. In May 2009, he became Chief Executive Officer.

Mr. Roth joined Vornado in April 1980 and has been Chairman of company's Board of Trustees since May 1989. He was Vornado's Chief Executive Officer from May 1989 through May 2009.