GERALD J. HENNIGAN

CHIEF FINANCIAL OFFICER/VICE PRESIDENT, GALESI GROUP

JOINED GALESI GROUP IN 1984

Profile

Prior to joining the Galesi Group, Mr. Gerald Hennigan was a Certified Public Accountant providing auditing and tax services. He also was a member of the AICPA, NYSSCRA and Financial Executives Institute.

In 1984, Mr. Hennigan joined the Galesi Group as Assistant Corporate Controller. Over the next five years, Mr. Hennigan held various positions within the company including: Controller, Assistant Vice President, Vice President and Chief Financial Officer.

Today, Mr. Hennigan is responsible for numerous administrative and operating functions. His responsibilities include: long and short range financial planning, operational budgeting, capital forecasting, cash flow management, and managing all aspects of real estate financing. Associated with this function, Mr. Hennigan oversees debt management which includes interest rate exposure and the selection of fixed and floating rates or the use of derivatives, and other reporting covenants to the Galesi Group lenders which include local, regional, national, money center and CMBS financial institutions. Mr. Hennigan also administers the company’s defined benefit pension and 401K savings plans.

Mr. Hennigan is also a member of the Board of Directors, Finance Committee, and chair of the Audit Committee of the Capital Region Chamber.

Education

Siena College, Loudonville, New York