On April 1, 2015, American Realty Capital Properties, Inc. announced the appointment of Hugh R. Frater as Non-Executive Chairman of the Board of Directors and the addition of Julie G. Richardson as an Independent Director. This was done in conjunction with two directors stepping down effective April 1, 2015. Additionally, Glenn Rufrano joined the Board in conjunction with his appointment as the company's Chief Executive Officer on April 1, 2015.