John D. Moragne
Chief Executive Officer and Director
John D. Moragne
Chief Executive Officer and Director
Mr. Moragne has served as our Chief Executive Officer and as a member of our Board of Directors since March 2023. Mr. Moragne previously served in various roles of the Company, including as our Executive Vice President and Chief Operating Officer from 2018 to 2023, our General Counsel and Chief Compliance Officer from 2016 through 2018, and as the Company’s Secretary from 2016 to 2021. Prior to joining the Company, Mr. Moragne was a corporate, securities and M&A attorney from 2007 to 2016. Mr. Moragne holds a B.A. from SUNY Geneseo and a J.D. from The George Washington University Law School. We believe that Mr. Moragne’s familiarity with our operations and investment and corporate strategies, having worked with or for the Company since its inception, as well as his management and leadership skills, uniquely qualify him to serve on our Board of Directors and provides the Board of Directors with invaluable insight into our operations.
Ryan M. Albano
President and Chief Operating Officer
Mr. Albano has served as our President and Chief Operating Officer since March 2023. He is also a voting member of the Company’s Investment Committee. Mr. Albano is responsible for leading and managing the Company’s acquisitions, dispositions, asset management, leasing, property management and credit risk functions and affairs for the Company. Prior to becoming our Chief Operating Officer, Mr. Albano served as the Company’s Executive Vice President and Chief Financial Officer from February 2017 to March 2023 and as the Company’s Vice President of Finance from 2013 until February 2017. From 2011 until 2013, Mr. Albano served in various roles for Manning & Napier, Inc. (NYSE: MN), initially assisting in the successful execution of Manning and Napier, Inc.’s IPO in 2011 and subsequently serving as Assistant CFO of the company’s mutual fund division. From 2004 until 2011, Mr. Albano worked for KPMG LLP in various roles serving both public and private companies. He holds an M.B.A. in finance and competitive strategy from the Simon Graduate School of Business at the University of Rochester and a B.S. in accounting from St. John Fisher College.
Kevin M. Fennell
Executive Vice President, Chief Financial Officer and Treasurer
Mr. Fennell has served as our Executive Vice President and Chief Financial Officer since March 2023 and Treasurer since September 2024. Mr. Fennell is responsible for leading and managing the Company’s accounting, tax, internal audit, finance, capital markets, investor relations, and IT/IS functions. Prior to becoming our Chief Financial Officer, Mr. Fennell served as the Company’s Senior Vice President, Capital Markets & Credit Risk from March 2019 to March 2023. From July 2008 to March 2019, Mr. Fennell served in various positions at BMO Capital Markets/BMO Harris Bank, including Real Estate Corporate Banking from June 2014 to March 2019, where he focused on debt financing for private and public REITs and real estate operating companies. Mr. Fennell holds a B.S. in Finance from the University of Illinois at Urbana-Champaign.
John D. Callan Jr.
Senior Vice President, General Counsel and Secretary
Mr. Callan has served as our Senior Vice President since February 2020, as General Counsel since August 2018 and as Secretary since July 2021. Mr. Callan previously served as our Associate Counsel from November 2017 to August 2018, and as our Assistant Secretary from August 2018 to July 2021. He is responsible for overseeing the legal, corporate governance, and risk management affairs of the Company. From September 2015 to November 2017, Mr. Callan served as Corporate Counsel at Kodak Alaris, and was a corporate and securities attorney at Harter Secrest & Emery from September 2011 to September 2015. Mr. Callan holds a B.A. from SUNY Oneonta and a J.D. from Albany Law School.
Michael B. Caruso
Senior Vice President, Underwriting and Strategy
Mr. Caruso has served as our Senior Vice President, Underwriting & Strategy since October 2023. Mr. Caruso has been with Broadstone since November 2015 and has served in various capacities including Senior Vice President, Corporate Strategy and Investor Relations, Senior Vice President, Corporate Finance and Investor Relations, and Vice President, Finance. In his current role, Mr. Caruso is responsible for overseeing real estate underwriting, credit risk, investment return modeling, and market and industry research. Mr. Caruso holds a B.S. in Finance and a B.A. in Economics from St. Joseph’s University.
Will D. Garner
Senior Vice President, Acquisitions
Mr. Garner has served as our Senior Vice President, Acquisitions since March 2024. Mr. Garner has been with Broadstone since December 2018 and previously served as the head of industrial acquisitions for the Company. Mr. Garner’s primary responsibilities include overseeing all acquisition activities of the Company, including identifying, analyzing, and acquiring real estate opportunities. Prior to joining Broadstone, Mr. Garner served as a Vice President at SunTrust Robinson Humphrey (now Truist Securities) in Atlanta, Georgia as a member of the firm’s Structured Real Estate group, where he helped the team create a programmatic build-to-suit platform, led the team’s transaction structuring, dispositions and CTL placements and closed $2+ billion in net lease transactions across office, industrial and retail asset types. Prior to joining SunTrust Robinson Humphrey, Mr. Garner worked in Marsh’s property practice in Atlanta, Georgia. Mr. Garner holds a BBA in Risk Management and MBA in Finance from the University of Georgia.
Jennie O’Brien
Senior Vice President, Chief Accounting Officer
Ms. O’Brien has served as our Senior Vice President and Chief Accounting Officer since September 2024. Ms. O’Brien’s responsibilities include overseeing the Company’s SEC reporting, accounting, and tax functions, and maintaining internal controls over financial reporting. Ms. O’Brien has been with the Company since 2014 and has served as the Senior Vice President, Accounting and Controller of the Company since February 2023. Ms. O’Brien previously served as the Company’s Vice President, Accounting and Controller from January 2018 to February 2023, and as the Company’s Controller from October 2014 to January 2018. Prior to joining the Company, Ms. O’Brien spent ten years at a regional public accounting firm in Rochester, New York, most recently serving as an Assurance Manager providing audit and tax services to companies in various industries. Ms. O’Brien is a certified public accountant and holds a B.S. in Accounting from SUNY Geneseo.
Molly Kelly Wiegel
Senior Vice President, Human Resources and Administration
Ms. Wiegel has served as our Senior Vice President, Human Resources and Administration since March 2023. Ms. Wiegel’s responsibilities include overseeing the Company’s human resources activities, including employee recruitment, performance management, training and development, compliance, as well as leading and managing the Company’s administrative and business operations functions. From February 2020 to March 2023, Ms. Wiegel served as the Company’s Senior Vice President, Human Resources. From January 2013 to February 2020, Ms. Wiegel served in various roles for Broadstone Real Estate, LLC, including as its Senior Vice President, Human Resources from August 2018 to 2020. Ms. Wiegel previously served as Human Resources Director of Rochester Optical, and was Director of Staff Professional Development and Director of Human Resources Operations at Nixon Peabody LLP from August 2002 to June 2011. Ms. Wiegel holds an M.S. in Career and Human Resource Development from the Rochester Institute of Technology and a B.A. in Psychology from the University of Rochester.
Senior Leadership Team
Ryan M. Albano
President and Chief Operating Officer
Kevin M. Fennell
Executive Vice President, Chief Financial Officer and Treasurer
John D. Callan Jr.
Senior Vice President, General Counsel and Secretary
Michael B. Caruso
Senior Vice President, Underwriting and Strategy
Will D. Garner
Senior Vice President, Acquisitions
Jennie O'Brien
Senior Vice President, Chief Accounting Officer
Molly Kelly Wiegel
Senior Vice President, Human Resources and Administration
Laurie A. Hawkes
Chairman of the Board of Directors
Ms. Hawkes has served as a director since May 2016, as our Lead Independent Director since February 2019 and as Chairman of the Board since 2021. Ms. Hawkes is also a member of the Compensation Committee. From 2008 until 2016, Ms. Hawkes served in various roles at American Residential Properties, Inc. (NYSE: ARPI), which she co-founded, including director and President & Chief Operating Officer. From 1995 through 2007, Ms. Hawkes served in various roles at U.S. Realty Advisors, LLC, a single-tenant real estate investment and asset management firm, including partner from 1997 through 2007 and President from 2003 through 2007. Ms. Hawkes served as a Managing Director in Real Estate Investment Banking at CS First Boston Corp. from 1993 until 1995, and as Director of Real Estate Investment Banking at Salomon Brothers Inc. from 1979 until 1993. From 2022 to 2024, Ms. Hawkes served on the board of directors of Appreciate Holdings, Inc. (NASDAQ: SFR), and has served on numerous other public, private and non-profit boards. She holds a B.A. from Bowdoin College and an M.B.A. from Cornell University. We believe that Ms. Hawkes’s investment and business experience, including her service as the President, Chief Operating Officer, and board member of a publicly traded REIT, as well as her extensive net leased investment experience, are invaluable to the Company.
John D. Moragne
Chief Executive Officer and Director
Mr. Moragne has served as our Chief Executive Officer and as a member of our Board of Directors since March 2023. Mr. Moragne previously served in various roles of the Company, including as our Executive Vice President and Chief Operating Officer from 2018 to 2023, our General Counsel and Chief Compliance Officer from 2016 through 2018, and as the Company’s Secretary from 2016 to 2021. Prior to joining the Company, Mr. Moragne was a corporate, securities and M&A attorney from 2007 to 2016. Mr. Moragne holds a B.A. from SUNY Geneseo and a J.D. from The George Washington University Law School. We believe that Mr. Moragne’s familiarity with our operations and investment and corporate strategies, having worked with or for the Company since its inception, as well as his management and leadership skills, uniquely qualify him to serve on our Board of Directors and provides the Board of Directors with invaluable insight into our operations.
Denise Brooks-Williams
Director
Ms. Brooks-Williams has served as a Director since 2021 and currently serves as a member of the Nominating and Corporate Governance Committee. Ms. Brooks-Williams serves as the Executive Vice President and Chief Executive Officer Clinical Delivery System Operations for Henry Ford Health System, Inc., a leading not-for-profit health care and medical services provider. Prior to her current position, she served as President and Chief Executive Officer of Henry Ford Wyandotte Hospital in Wyandotte, Michigan, between 2013 through 2018. From 2011 through 2013, Ms. Brooks-Williams was employed by St. Joseph Mercy Oakland where she served as Vice President, Ambulatory Services & Strategic Business Development (2004-2007), and as Vice President, Operations (2007-2009). She currently serves as a board member on various institutional and non-profit organizations and was appointed to the Michigan Certificate of Need Commission in 2013. She received her Bachelor of the Arts and Master’s degrees in Health Services Administration, from the University of Michigan. We believe that Ms. Brooks-Williams’ business experience, leadership skills, community involvement, and vast knowledge of the health care industry brings a unique and distinct perspective that is vital to the continued growth of the Board of Directors and the Company.
Michael A. Coke
Director
Mr. Coke has served as a Director since 2021 and currently serves as chair of the Audit Committee. Mr. Coke currently serves as President and Co-Founder of Terreno Realty Corp. (NYSE: TRNO), a publicly traded REIT focusing on industrial real estate properties in six major U.S. coastal markets, and previously served as its President and Chief Financial Officer between 2010 and 2013. In 2007, Mr. Coke co-founded Terreno Capital Partners LLC and was the managing partner from 2007 to 2010. From 2005 through 2007, he was the President and CEO of IAT Aviation Facilities. Between 1997 and 2007, Mr. Coke was employed by AMB Property Corporation (now known as Prologis) (NYSE: PLD), in which he served in various positions, ultimately acting as Chief Financial Officer and Executive Vice President from 1999 through 2007. From 1990 through 1997, Mr. Coke was employed as a real estate auditor for Arthur Anderson, LLP. He currently serves as a board member of Terreno Realty Corp. and Cal State East Bay Educational Foundation, and previously served on the Board of Directors of Digital Realty Trust, Inc. (NYSE: DLR) from 2017 through 2021. He holds a B.A. in Business Administration and Accounting from California State University, Hayward. We believe that Mr. Coke’s extensive financial and business experience, including his role as the president of a publicly traded REIT, his current and prior service as a board member of publicly traded companies, and expertise in the industrial sector of the REIT space provide great value to the Board of Directors and the Company.
Jessica Duran
Director
Ms. Duran has served as a Director since January 2023 and currently serves as a member of the Audit Committee and the Compensation Committee. Ms. Duran is currently a Managing Director and the Chief Financial Officer of TSG Consumer Partners, a consumer-focused private equity firm with nearly $20 billion in assets under management. From 2009 through 2017, Ms. Duran served in various roles at Deloitte & Touche, LLP, including Tax Senior Manager (2009 – 2012) and Partner (2012 – 2017). From 2004 through 2009, Ms. Duran worked at AMB Property Corporation (now known as Prologis) (NYSE: PLD) in the tax function as both a manager and as a Vice President of Tax. Ms. Duran holds a B.S. in Business Administration with a concentration in Accounting from Sonoma State University and is also a Certified Public Accountant. We believe that Ms. Duran’s in-depth knowledge of the private equity industry and her extensive tax and REIT experience are extremely beneficial to the Board of Directors and the Company.
Laura Felice
Director
Ms. Felice has served as a Director since January 2023 and currently serves as a member of the Audit Committee and the Nominating and Corporate Governance Committee. Since April 2021, Ms. Felice has served as the Executive Vice President and Chief Financial Officer of BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ). From 2016 through 2021, Ms. Felice served as Senior Vice President, Controller at BJ’s. From 2008 through 2016, Ms. Felice worked at Clarks Americas, Inc., a footwear chain in positions of increasing responsibility, including Senior Vice President of Finance (2015-2016). Additionally, Ms. Felice worked at PricewaterhouseCoopers LLP from 2003 to 2008. She currently serves as the Vice Chair of the Board of Directors of Massachusetts Society of CPAs and is the Chair of its Finance Committee. Ms. Felice holds a Master of Accounting and a B.S. with a double major in Finance and Accounting from Boston College and is also a Certified Public Accountant. We believe that Ms. Felice’s wide-ranging knowledge of the retail industry and her service as the chief financial officer of a publicly traded company provide valuable insight to the Board of Directors and the Company.
David M. Jacobstein
Director
Mr. Jacobstein has served as a Director since May 2013 and currently serves as chair of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee. Since 2009, Mr. Jacobstein has provided consulting services to real estate related businesses. From 2007 until 2009, Mr. Jacobstein was the senior advisor to the real estate industry group at Deloitte & Touche LLP. From 1999 to 2007, he was President and Chief Operating Officer of Developers Diversified Realty Corp., now known as SITE Centers ((NYSE: SITC) (“DDR”)), where he also served on the Board of Directors from 2000 to 2004. From 1986 until 1999, Mr. Jacobstein served as Vice Chairman and Chief Operating Officer of Wilmorite, Inc. From 2009 to 2022, Mr. Jacobstein also served on the board of trustees of Corporate Office Properties Trust (NYSE: OFC) (“COPT”). He holds a B.A. from Colgate University and a J.D. from The George Washington University Law Center. We believe that Mr. Jacobstein’s extensive financial and business experience, including his service as the chief operating officer of DDR and a board member of DDR and COPT, two large publicly traded REITs, as well as his legal background, provide the Board of Directors with a unique perspective that is beneficial to the Board of Directors and the Company. In addition, his experience in financial matters and risk management and as the former chair of another publicly traded REIT audit committee, allows him to provide guidance to the Board in overseeing financial and accounting aspects of our operations.
Shekar Narasimhan
Director
Mr. Narasimhan has served as a Director since our inception and currently serves as a member of the Nominating and Corporate Governance Committee. Mr. Narasimhan is currently the Managing Partner at Beekman Advisors, Inc., which he co-founded in 2003. From 2000 until 2003, Mr. Narasimhan was a Managing Director of Prudential Mortgage Capital Company. From 1979 until 2000, he served in various roles, including Chairman and Chief Executive Officer, at WMF Group Ltd. (formerly NASDAQ: “WMFG”). Mr. Narasimhan is currently a Director of several private companies and has extensive board service for companies in the real estate and lending industries. He holds a B.S. in Chemical Engineering from the Indian Institute of Technology, New Delhi, India, and an M.B.A. from the Katz Graduate School of Business at the University of Pittsburgh. We believe that Mr. Narasimhan’s extensive investment and business experience, including his service as the chief executive officer and a board member of a publicly-traded commercial mortgage financial services company, his profile in the industry, and his oversight experience are invaluable to the Board of Directors and the Company.
James H. Watters
Director
Mr. Watters has served as a Director since our inception and currently serves as chair of the Nominating and Corporate Governance Committee, and as a member of the Compensation Committee. Since 1997, Mr. Watters has served as Senior Vice President and Treasurer, Finance, and Administration of Rochester Institute of Technology (‘‘RIT’’). He is also vice chairman of RIT’s global subsidiary where he negotiates business models and real estate transactions for RIT’s global campuses. Prior to joining RIT, Mr. Watters spent 16 years with the University of Pittsburgh in positions such as Assistant Vice Chancellor for Finance and Business and Assistant Vice Chancellor for Real Estate and Management. He serves on various profit and not-for-profit boards throughout Rochester, New York, including Canandaigua National Corporation. He holds a B.S., M.S., and Ph.D. from the University of Pittsburgh. We believe that Mr. Watters’ extensive financial and business experience, leadership skills, and experience in strategic planning are of great benefit to the Board of Directors and the Company. In addition, his knowledge and background in finance allows him to provide guidance to the Board of Directors in overseeing the financial aspects of our operations.
Board of Directors
Laurie A. Hawkes
Chairman of the Board of Directors
John D. Moragne
Chief Executive Officer and Director
Denise Brooks-Williams
Director
Michael A. Coke
Director
Jessica Duran
Director
Laura Felice
Director
David M. Jacobstein
Director
Shekar Narasimhan
Director
James H. Watters
Director