Silverstein Properties, best known as the developer of New York City’s World Trade Center, has replaced its long-time chief executive with Lisa Silverstein, the daughter of chairman and founder Larry Silverstein. Employees were told of CEO Marty Burger’s departure on Wednesday, according to people familiar with the matter. Silverstein Properties “is sharpening its focus on its core businesses as the company transitions to the next generation,” a spokesman for the New York-based firm confirmed to The Wall Street Journal on Thursday.
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