CPA®:18 – Global Logo

 

CPA®:18 – Global Logo

 

Corporate Governance


 

Corporate Governance


 

 

Management Team

Jason E. Fox

Chief Executive Officer,
President and Board Member

Management Team

Jason-Fox
Jason E. Fox

Chief Executive Officer,
President and Board Member

Jason E. Fox was appointed Chief Executive Officer and President of CPA®:18 – Global in January 2018. He serves as the Chief Executive Officer of W. P. Carey Inc. and as a member of the Company’s Board of Directors. Prior to his current position, Mr. Fox served as President from 2016 to 2017, Head of Global Investments from 2015 to 2016 and Co-Head from 2011 to 2015. During his tenure, Mr. Fox has been responsible for more than $10 billion of acquisitions. Transactions he has closed since joining W. P. Carey include the $225-million acquisition of The New York Times headquarters in Manhattan and the $312-million acquisition of 78 retail self-storage and truck rental facilities operated under the U-Haul brand name.

Before joining W. P. Carey in 2002, Mr. Fox worked at the Spectrem Group, a consulting and M&A advisory firm in San Francisco. Prior to Spectrem, he spent two years teaching mathematics and physics at The Hotchkiss School in Connecticut. Mr. Fox is a magna cum laude graduate of the University of Notre Dame, where he earned a B.S. in Civil Engineering and Environmental Science. He received his M.B.A. from Harvard Business School. A former captain of the Notre Dame soccer team, Mr. Fox still enjoys playing soccer in his free time and is a member of the U.S. Soccer Foundation New York Leadership Council.

Toni Sanzone

Chief Financial Officer

Management Team

Toni-Sanzone
Toni Sanzone

Chief Financial Officer

Toni Sanzone was appointed Chief Financial Officer of CPA®:18 – Global in December 2019, having previously served in that capacity from October 2016 to March 2017 and, prior to that, as Chief Accounting Officer from August 2015 to January 2017. She serves as Chief Financial Officer of W. P. Carey since February 2017, having previously served as Interim CFO since October 2016. Toni joined the Company in April 2013 as Corporate Controller and was named Chief Accounting Officer in June 2015.

Prior to joining W. P. Carey, she worked from 2006 to 2013 at iStar Inc., a publicly-traded REIT, where she served in various capacities. From 2004 to 2006, Ms. Sanzone served in various accounting and financial reporting roles at Bed Bath and Beyond, Inc. She also held various positions in the assurance and advisory services practice of Deloitte LLP from 1998 to 2004. Ms. Sanzone is a Certified Public Accountant licensed in the state of New York. She graduated magna cum laude with a B.S. in Accounting from Long Island University, C.W. Post (now LIU Post).

 

 

 

Board of Directors

Jason E. Fox

Chief Executive Officer,
President and Board Member

Board of Directors

Jason-Fox
Jason E. Fox

Chief Executive Officer,
President and Board Member

Jason E. Fox was appointed Chief Executive Officer and President of CPA®:18 – Global in January 2018. He serves as the Chief Executive Officer of W. P. Carey Inc. and as a member of the Company’s Board of Directors. Prior to his current position, Mr. Fox served as President from 2016 to 2017, Head of Global Investments from 2015 to 2016 and Co-Head from 2011 to 2015. During his tenure, Mr. Fox has been responsible for more than $10 billion of acquisitions. Transactions he has closed since joining W. P. Carey include the $225-million acquisition of The New York Times headquarters in Manhattan and the $312-million acquisition of 78 retail self-storage and truck rental facilities operated under the U-Haul brand name.

Before joining W. P. Carey in 2002, Mr. Fox worked at the Spectrem Group, a consulting and M&A advisory firm in San Francisco. Prior to Spectrem, he spent two years teaching mathematics and physics at The Hotchkiss School in Connecticut. Mr. Fox is a magna cum laude graduate of the University of Notre Dame, where he earned a B.S. in Civil Engineering and Environmental Science. He received his M.B.A. from Harvard Business School. A former captain of the Notre Dame soccer team, Mr. Fox still enjoys playing soccer in his free time and is a member of the U.S. Soccer Foundation New York Leadership Council.

Elizabeth P. Munson

Non-Executive Chairman of the Board and Board Member

Board of Directors

Elizabeth-Munson
Elizabeth P. Munson

Non-Executive Chairman of the Board and Board Member

Elizabeth P. Munson serves as an Independent Director on the Audit Committee of the Board of Directors. Ms. Munson is the President and a Director of The Rockefeller Trust Company (New York) and The Rockefeller Trust Company (Delaware), joining those companies in June 2001. Ms. Munson is also a Managing Director of, and head of Wealth Management Services for, Rockefeller & Co. Prior to joining Rockefeller, she was a partner in the Private Clients Group of White & Case LLP from January 1993 to June 2001 and an associate at White & Case LLP from October 1983.

Ms. Munson is a member of the Board of Managers, Vice President and Secretary of Episcopal Social Services, the Board of Directors and President of United Neighbors of East Midtown, and the Board of Trustees and Secretary, and Chair of the Audit Committee, of Friends of WWB/USA Inc. Ms. Munson received her B.A. from Yale University, her J.D. from Harvard University and her Masters in Tax Law from New York University.

Richard J. Pinola

Chairman of the Audit Committee and Board Member

Board of Directors

Richard-Pinola
Richard J. Pinola

Chairman of the Audit Committee and Board Member

Richard J. Pinola served as Right Management Consultants’ (NYSE: RHT) Chief Executive Officer and Chairman from 1994 through January 2004. He served as a Director of the company from 1990 and as CEO from July of 1992 until Right Management was purchased by Manpower (NYSE: MAN). Under Mr. Pinola’s leadership, Right Management was named by Forbes magazine as one of the “200 Best Small Companies in America” for many years rising to number 5 in its last inclusion and appeared on Business Week’s list of “100 Best Small Corporations.” The company has served over 5,000 client companies in virtually every industry and type of organization, including most of the Fortune 500 corporations.

Prior to joining Right Management Consultants, Mr. Pinola was President and Chief Operating Officer of Penn Mutual Life Insurance Company, an $8 billion diversified financial service firm. He was also a CPA with PriceWaterhouse and Co.

Mr. Pinola is a Director on the boards of: K-Tron International (KTII), Kenexa Inc. (KNXA), Bankrate.com (RATE) and Nobel Learning Communities (NLCI) where he serves as chairman of two audit committees and on various other committees. He is also on the boards of the Visiting Nurses Association, King’s College and Reading is Fundamental.

Mr. Pinola has been a regular speaker on worldwide workforce issues, and has been a guest lecturer at various business schools, including The Yale School of Management, Wharton and W. P. Carey School of Business. He has also been a lecturer at the Worldwide American Chambers of Commerce. He has also served on the boards of directors of the American Lung Association, Janney Montgomery Scott, the Life Office Management Association and the Horsham Clinic. Rich was the Founder and Director of The Living Wills Archive Company and a Founder and board member of the Mutual Association for Professional Services.

 

Corporate Governance Documents

Code of Ethics

CPA®:18 – Global’s Code of Ethics sets forth the guiding principles by which we operate our company and conduct our daily business with our stockholders, customers, vendors and with each other. These principles apply to all of the directors and officers of CPA®:18 – Global (recognizing that the company does not have any employees) and all of its subsidiaries and its affiliates (referred to in this Code as the “Company”).

Code of Ethics (PDF)

Manner of Shareholder Communication

The Board will give appropriate attention to written communications that are submitted by shareholders, and will respond if and as appropriate. Absent unusual circumstances and subject to any required assistance or advice from legal counsel, Ms. Susan C. Hyde, Chief Administrative Officer, is primarily responsible for monitoring communications from shareholders and for providing copies or summaries of such communications to the directors as she considers appropriate.

Communications are forwarded to all directors or to a specifically addressed director if they relate to important substantive matters and include suggestions or comments that Ms. Hyde considers to be important to the directors to know. In general, communications relating to corporate governance and long-term corporate strategy are more likely to be forwarded than communications relating to ordinary business affairs, personal grievances or that are repetitive or duplicative.

Shareholders who wish to send communications on any topic to the Board should address such communications to:

CPA®:18 – Global Board of Directors
c/o Susan C. Hyde, Chief Administrative Officer
W. P. Carey Inc.
50 Rockefeller Plaza
New York, NY 10020

Audit Committee of the Board of Directors

The Audit Committee is appointed by the Board to assist the Board in monitoring (1) the integrity of the financial statements of the Company, (2) the compliance by the Company with legal and regulatory requirements and (3) the independence, qualifications and performance of the Company's internal audit function and independent auditors.

Audit Committee of the Board of Directors Charter (PDF)

Whistle Blower Hotline

The Boards of Directors and Management Team of CPA®:18 – Global and its affiliates appreciate your support and cooperation as we do our part to conduct business in accordance with the highest ethical and legal standards. You may file a risk-free, anonymous report of actual or suspected activities that may involve criminal conduct or violations to our Code of Ethics using EthicsPoint: Telephone: (866) 384-4277. HOTLINE