News: Brokerage

DiMarco Group appoints Fasoldt as firm’s new chief financial officer

Rochester, NY According to the DiMarco Group, a leading full-service development company, they have appointed Jeff Fasoldt as chief financial officer. He brings to the position nearly 30 years of professional experience. 

Fasoldt joins DiMarco from Annese, a technology solutions integrator with operations throughout New York State, where he served as CFO since 2015. Previously, Fasoldt was an executive vice president and regional CFO for Toshiba Business Solutions, a global technology leader.

Fasoldt brings financial, operational and strategic experience to his new role. He began his career as a CPA in public accounting followed by positions at Ziff-Davis and the Sutherland Group. He holds a Bachelor of Science in accounting from SUNY Geneseo and a Master of Business Administration from Rochester Institute of Technology. As chief financial officer, Fasoldt will lead the financial operations of DiMarco Group. He will be responsible for corporate finance, financial planning and analysis, treasury management, and compliance. In addition, he will oversee human resources, IT and marketing.

Fasoldt was the recipient of the Rochester Financial Executive of the Year award in 2011. Additionally, he is a certified public accountant, certified management accountant and chartered global management accountant.

“We’re confident Jeff’s track record of strong leadership and experience is a great match for this key role at our organization,” said John DiMarco II, president and chief operating officer. “With his long history in leadership at prosperous organizations, Jeff will be a huge asset to the continued success of the DiMarco family of companies.”

Outside of the office, Fasoldt is an active member of the community, serving on the board of Campus Auxiliary Services at SUNY Geneseo, the Saunders College Dean’s Advisory Council at Rochester Institute of Technology, the Flower City Habitat for Humanity Gala Committee, and is past chair of Catholic Charities of Livingston County and a past president of the Rochester chapter of Financial Executives International. In addition, he is an adjunct instructor of accounting at SUNY Geneseo.

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.