Real estate services and investment firm Grubb & Ellis (GBE) appointed Michael Rispoli as executive vice president and chief financial officer (CFO), effective immediately. The firm also promoted Matthew Engel to executive vice president of finance. Engel held the position of interim chief financial officer since May 3. "Following a thorough search process, Mike Rispoli was identified as possessing the blend of financial acumen and industry experience necessary to assume the position of chief financial officer and help lead this business toward our goals of gaining market share and growing profitability," said Thomas D'Arcy, president and CEO of Grubb & Ellis. He added: "We are very fortunate that Mike and Matt have accepted expanded roles with the company as they both bring proven track records of success in progressively senior positions." Rispoli is currently CFO of the Grubb & Ellis Equity Advisors investment management subsidiary -- a position he held since 2008. He will continue in that capacity as he takes on his new role at the company. He will take responsibility for the company's overall financial operations, including strategic planning, corporate initiatives and investor relations. Engel joined the firm in 2008 as a senior vice president of accounting and finance and chief accounting officer. Write to Diana Golobay. Disclosure: the author holds no relevant investments.