Getty Realty Corp. announced that David B. Driscoll, President and Chief Executive Officer of the company, will be retiring effective December 31, 2015. Christopher J. Constant, Vice President, Chief Financial Officer and Treasurer, has been selected by the Board of Directors to succeed Mr. Driscoll as President and Chief Executive Officer at that time.

The company has also initiated a search for a new Chief Financial Officer and Treasurer to succeed Mr. Constant in those roles. Mr. Constant has served Getty in a number of capacities since he joined the company in November 2010 as Director of Planning and Corporate Development. He was appointed Chief Financial Officer in December 2013 after previously being named Getty's Treasurer (May 2012) and, more recently, Vice President (May 2013).

Mr. Constant joined Getty from Morgan Joseph & Co. Inc. where he served as Vice President in the corporate finance department. Until his retirement, Mr. Driscoll will continue to serve as President and Chief Executive Officer and will work with Mr. Constant and the management team to effect an orderly transition of leadership.

For a period of time thereafter, it is anticipated that Mr. Driscoll will provide advisory services as an employee of the company. At the same time that Mr. Driscoll retires as President and Chief Executive Officer of the company, Mr. Driscoll will also resign from service as a director on the company's Board of Directors. At that time, the Board will appoint Mr. Constant to be a Director.