AMREP Appoints Theodore J. Gaasche as its President and CEO

AMREP Corporation AXR today announced two senior executive appointments. Theodore J. Gaasche will become President and Chief Executive Officer of the Company effective today. Mr. Gaasche has served as AMREP's Vice President of Corporate Development since February 2011. He also has been serving as Executive Vice President, Operations of Spartan Organization, Inc., a private company that advises various print, publishing and other portfolio companies owned by Nicholas G. Karabots, a director and the majority shareholder of the Company. Mr. Gaasche held his prior position with AMREP on a less than full-time basis while he also was employed by the Spartan Organization.