Effective immediately, founder and current President Barry Mandel will serve as Chairman and Chief Executive Officer. Ian Martin was elevated to President, and Phillip Aiello was named Chief Operating Officer. Bob Monnat and Dave Pavela will transition to Senior Partners with the firm, and Dave Pavela will continue as Chief Investment Officer. Jason Babcock was promoted to Senior Vice President of Acquisitions & Dispositions to lead the firm’s activity in acquiring properties throughout the Midwest. Angie Achenbach was hired in December of 2018 as Chief Financial Officer when Dave Pavela was elevated to Chief Investment Officer. Don Lindeman, President of the Management Company, and Sherry Meyers Thompson, Controller, will add to the leadership group.
The new leadership team structure will enable the company to continue to draw upon the deep experience of its senior leadership group while elevating members of its emerging leadership group. The plan builds on MGI’s existing strengths, retains institutional knowledge, and positions the company for even greater success in the future.