InterPark Announces Leadership Changes
Senior Executives Promoted to Ensure Seamless Transition
InterPark, the largest owner-operator of parking real estate, has initiated key leadership transitions as part of its continued commitment to growth and success. Effective January 1, 2025, the company will see notable changes in its executive suite.
Marshall Peck, the current CEO and co-founder, will take on a new role within the Board of Directors. Michael Prussian, presently the Chief Investment Officer, will transition to Senior Advisor. The experience and influence of both leaders will remain integral to the company as it navigates this change.
Stepping into the position of CEO is James Mueller, who has served as Chief Operating Officer. This promotion is a testament to his decade-long dedication to InterPark, managing vast parking operations as well as overseeing commercial activities that contribute to over $250 million in annual revenue.
Andrew Runge, the current Chief Financial Officer, will assume the role of Chief Investment Officer. His extensive background in commercial real estate finance has been vital to InterPark, having joined the company in 2011 after a successful tenure at another reputable real estate firm.
Jim Mueller remarked, 'Having worked closely with Marshall and Michael, I feel privileged to lead InterPark, building upon the foundation they established. Their extensive knowledge and commitment to the company have propelled us to our current success.'
Andrew Runge expressed his excitement about his new responsibilities and the growth opportunities ahead. 'It’s an honor to take on the CIO role and to collaborate with Jim as we continue to implement innovative strategies for our stakeholders and customers.'
Originating in 1996, InterPark has grown under the leadership of Peck and Prussian, who have significantly expanded the company's portfolio. Today, InterPark operates over 60 parking locations across numerous cities, offering city center and off-airport parking solutions.
Mueller's leadership as COO has been marked by strategic growth in parking operations. His previous experience in the airline and rental car industries adds an invaluable perspective to his new role as CEO.
Runge, with a robust 30-year background in finance and real estate, has been instrumental in enhancing InterPark's financial health. His move to CIO comes at a crucial time for the company as it seeks to strengthen its position in the parking industry.
As InterPark navigates these leadership changes, the company remains dedicated to enhancing customer-focused parking solutions. The transition marks not just a change in personnel, but a commitment to the continuous improvement and strategic growth of the company.
About InterPark
InterPark is recognized as the leading owner-operator of parking real estate in the United States, prioritizing efficient and customer-centered parking solutions. Founded in 1996, the company boasts a wide-scale presence in over 16 cities, driven by a promise to deliver high-quality service and strategic advancements in the industry.
Frequently Asked Questions
What are the recent leadership changes at InterPark?
InterPark has promoted James Mueller to CEO and Andrew Runge to CIO, with Marshall Peck taking on a role on the Board of Directors and Michael Prussian moving to Senior Advisor.
What is InterPark's business focus?
InterPark specializes in parking real estate, operating and managing numerous parking facilities throughout various cities, focusing on customer convenience and service quality.
When did InterPark begin operations?
InterPark was founded in 1996 and has since developed into the largest owner-operator of parking assets in the U.S.
How has James Mueller contributed to InterPark prior to his new role?
As COO since 2018, Mueller has overseen significant operations and commercial activities, contributing to the company’s revenue exceeding $250 million.
What background does Andrew Runge have in relation to InterPark?
Andrew Runge has served as CFO since 2011 and has over three decades of experience in commercial real estate finance, making him well-equipped to lead as CIO.
