Peabody Properties, Inc. (PPI) – a full-service real estate firm based in Braintree and managing in excess of 10,000 housing units across New England – today announced that firm Controller, Guy Corricelli, has been promoted to Chief Financial Officer.
In his new role, Corricelli will work in close partnership with PPI Principals to ensure the continued growth and expansion of the firm. Corricelli will assume fiduciary oversight of $750 million in managed assets as well as responsibility for developing strategic business plans, producing and managing an extensive annual budget, maintaining current client relationships and mitigating financial risk. As Chief Financial Officer, Corricelli will oversee a team of supporting staff members.
According to Peabody Properties Principal and Chief Operating Officer, Melissa Fish-Crane, Corricelli’s knowledge of the firms’ financial structure and operations will serve him well as Chief Financial Officer. “Given Guy’s extensive experience in finance and accounting, and his long tenure at Peabody Properties, he is well suited to help guide the firm’s financial future. We all congratulate Guy on this well-deserved promotion,” said Fish-Crane.
Corricelli joined Peabody Properties in 1997 as firm Controller, a position he held for 15 years, before beginning his tenure as Chief Financial Officer. Prior to joining Peabody Properties, Corricelli began his career in real estate in 1982 as Audit and Development Manager at a nationally recognized Certified Public Accounting Firm, specializing in real estate and affordable housing management.
Presently, Corricelli serves as the Treasurer of The Builder’s Association of Greater Boston and is a member of the Board of Directors for the Greater Boston Real Estate Board. He received a Bachelor’s degree in Business Administration from Northeastern University.
Corricelli resides in Medford, Massachusetts with his wife, Cathy, and their two daughters, Maria and Lisa.