Bruce Ratner to step down as Forest City CEO

The developer of the vast Atlantic Yards project in downtown Brooklyn, Bruce Ratner, is preparing to step down as chief executive of Forest City Ratner, the New York City subsidiary of his family’s Cleveland-based Forest City Enterprises. Taking his place will be MaryAnne Gilmartin, who became executive vice president in 2007. The switch will elevate her to Mr. Ratner’s clear No. 2, as he continues on in his role as chairman. It was not entirely clear why Mr. Ratner was stepping down or when exactly he would be ceding his CEO responsibilities at the company, but according to one source, his departure will be “sooner rather than later, likely the next few months.”

Crain’s New York Business


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