#United States #Chicago #InterPark #Marshall Peck #Michael Prussian

InterPark Leadership Transition Overview

On December 4, 2024, InterPark, recognized as the largest owner-operator of parking real estate in the United States, revealed significant leadership changes effective January 1, 2025. These adjustments come as the company continues to position itself for the future, ensuring a smooth transition and sustained success.

Key Leadership Changes

Marshall Peck, the co-founder and current CEO, will be stepping down from his role to join the Board of Directors. Peck has been pivotal in shaping InterPark since its inception in 1996, and his transition will allow him to focus on strategic oversight while providing invaluable experience to the company during this transition period.

Michael Prussian, who has served as the Chief Investment Officer, will transition into the role of Senior Advisor. This position enables him to lend his insights and support to the new leadership, ensuring the company benefits from his extensive expertise going forward.

In the directors' chairs, James Mueller, presently the Chief Operating Officer, has been promoted to CEO. Mueller's leadership experience, particularly in parking operations and commercial activities, positions him well to drive the company into its next chapter. Andrew Runge, the current Chief Financial Officer, is stepping into the role of Chief Investment Officer. Runge's substantial background in commercial real estate finance makes him an excellent choice for this critical role.

Vision for the Future

Peck expressed confidence in Mueller's capabilities, stating, "Jim is a thoughtful and experienced leader, and I am confident his steady hand and measured approach will lead to InterPark's future success." Mueller, who has been with the company since 2018, has extensive experience managing operations that produce over $250 million in revenue annually. He noted, "Marshall and Michael have been instrumental in shaping InterPark into the successful company it is today and positioning us to prosper in the future."

Prussian highlighted his enthusiasm for continuing to offer guidance, saying, "I am confident in their ability to lead the company and chart a bright course for the future." His commitment reflects the collaborative spirit that InterPark fosters among its leadership team.

A Legacy of Growth

Founded by Peck and Prussian nearly three decades ago, InterPark boasts an extensive portfolio, managing more than 60 assets across 16 cities. The company's focus on strategic growth and operational excellence has set the stage for continued success. With a commitment to delivering efficient and user-friendly parking solutions, InterPark is well-positioned to navigate the dynamic landscape of parking real estate.

Conclusion

As InterPark embarks on this new phase with its leadership team, the company aims to build on the solid foundation established by its founders. The proactive transition showcases a commitment to maintaining the high standards of service that customers and partners have come to expect from InterPark. For further updates and information regarding the leadership changes, interested parties can visit InterPark's official website.

By grounding itself in the expertise of its seasoned leaders while welcoming fresh perspectives, InterPark is poised to enhance its strategic initiatives and continue thriving in the competitive parking industry.