Roosevelt Island Operating Corp Executive Staff Changes, Hires New Chief Financial Officer and Announces General Counsel Leaving Post

According to the Roosevelt Island Operating Corp (RIOC)

The Roosevelt Island Operating Corporation (RIOC) announced today, Monday, January 14, that General Counsel Jacqueline Flug will be leaving RIOC on February 8, 2019 to join the private sector.

“RIOC has had the privilege and pleasure of Jaci’s good counsel for more than two years; I will miss her intelligence, skill, commitment and calming temperament,” said RIOC President Susan G. Rosenthal.

“I could always count on Jaci to speak the truth and every executive needs that from her advisor. We wish her well and sincerely thank her for her service,” she said.

Also, RIOC announced John O’Reilly as its new chief financial officer and vice president for financial affairs. His appointment was approved at the RIOC Board of Directors meeting December 13.

O’Reilly is a certified public accountant with experience in strategic planning, tax, risk management and construction. He previously was the chief financial officer for DCK Worldwide Holdings, Inc. and Leech, Tishman, Fuscaldo & Lampl, LLC.

“With more than a dozen major capital projects on-going – in addition to our aggressive capital improvement plan – we are fortunate and thrilled to have John join our executive team and help lead us with expertise and acumen,” Rosenthal said.

In the last several months, the RIOC Chief Financial Officer, VP of Capital Planning and now General Counsel have all left after relatively short stays in their positions - approximately 2 years or less.

Community speculation was that Ms. Flug was being groomed to succeed current RIOC President Susan Rosenthal when she retires.