Brothers at helm of Cafaro Co. to retire
YOUNGSTOWN — Leadership of the Cafaro Co., which built the Eastwood Mall in Niles, will change at the end of the year, but it will remain in the family.
The company said today that Cafaro brothers, Anthony M. Sr., 63, and John J. “Jay,” 58, will retire from the day-to-day operations effective Thursday.
Anthony Sr.’s sons, Anthony Jr., 34, and William A., 40, will take over the top positions of the largest privately owned shopping center development and management company in the country.
The Cafaros declined requests for interviews, said Joe Bell, director of corporate communications. However, the departing Cafaros commented in a news release announcing their retirements.
“My retirement and that of my brother, Jay, are part of an ongoing transition process that the company commenced several years ago.” said Anthony M. Sr., president and chief executive officer of the 60-year-old business.
“This is an example of succession planning at its very best.” said John J., executive vice president.
For the complete story, see Tuesday's Vindicator and Vindy.com