On December 27, 2016, the Board of Trustees of Vornado Realty Trust determined to increase the size of the company's Board of Trustees to 10 members and to appoint Ms. Mandakini Puri to the vacancy with an initial term expiring in 2017. The Board has determined that Ms. Puri is independent in accordance with the Corporate Governance Rules of the New York Stock Exchange. Ms. Puri is currently an independent consultant. From 2011 to May 2013, Ms. Puri was a Managing Director and co-head of BlackRock Private Equity.