Rudin, one of New York City’s largest private owners, operators and developers of real estate, today announced that beginning January 1, 2024, Samantha Rudin Earls and Michael Rudin will assume the role of co-CEOs, and Neil Gupta will serve as president and chief investment officer. Gupta is the first non-family member to ascend to the president role. Current CEO Bill Rudin and President Eric Rudin will each continue in their roles as co-chairmen of the organization, primarily focusing on the firm’s long-term strategic direction.
Over the past 15 years, Samantha Rudin Earls, Michael Rudin and Gupta have been actively involved in more than $3 billion of successful investments including: the development of 130 West 12th St. and The Greenwich Lane, the repositioning of 3 Times Square, the future redevelopment of 350 Park Ave. and 40 East 52nd St. and the creation of an alternative investment platform. They will be jointly responsible for navigating the firm and its portfolio through the current market environment and pursuing the next generation of projects and investments.
“This transition has been more than a decade in the making. Over that time, Samantha, Michael and Neil have demonstrated their ability to lead and chart a course for the company’s continued success. Eric and I know the time is right for them to take the helm,” said Bill Rudin. “This is an incredibly proud moment for our family and our company. My grandfather Samuel started this company almost 100 years ago. My father Lewis and his brother Jack continued building it, and now, my children are stepping forward to lead. I’m equally proud of Neil, who has been extraordinary as our CIO, and no doubt will be as president.”
Rudin Earls joined the firm in 2007 and currently serves as executive vice president. The first woman CEO in the company’s history, she will oversee Rudin’s expansive multifamily portfolio and the firm’s design, marketing and human resources functions. She will also lead Rudin’s DEIA initiatives and corporate social responsibility efforts.
Michael Rudin joined the firm in 2008 and currently serves as executive vice president. He will lead Rudin’s commercial business, sustainability and technology innovation. He will co-lead Rudin’s alternative investment strategy, investing across the real estate spectrum in areas such as technology and credit.
Rudin Earls and Michael Rudin will be the fourth generation of the Rudin family to lead the family business. Rudin was founded in 1925 by their great-grandfather, Samuel Rudin, who was followed by his two sons, Jack and Lew Rudin, and then by their two sons, Eric and Bill.
As co-CEOs, Rudin Earls and Michael Rudin will oversee the firm’s 600 current employees and a portfolio that totals 14.7 million square feet and is comprised of 17 residential buildings and 15 commercial buildings. They will jointly manage Rudin’s business lines, with Rudin Earls overseeing the multifamily business and Michael Rudin the commercial office business, as well as sharing the responsibility for establishing and implementing Rudin’s strategic plan.
Gupta joined Rudin in 2012 and was named chief investment officer in 2018. In addition to his new role as president, he will retain the title and duties of chief investment officer, continuing to manage investments, acquisitions, financial assets and capital markets for the Rudin portfolio.
“Bill and I are very proud of the many achievements the Rudin organization has accomplished over the past century,” added Eric Rudin. “We have every confidence in the company’s continued success and growth under the stewardship of Samantha, Michael and Neil.”
