On October 16, 2017, The InterGroup Corporation, and its subsidiaries, Santa Fe Financial Corporation and Portsmouth Square, Inc. announced that David T. Nguyen, the company's Treasurer and Controller, who also served as the principal financial officer of the company, Santa Fe and Portsmouth, has resigned effective immediately. On October 16, 2017, the company announced that the company's Board of Directors had elected Danfeng (Stacy) Xu as the company's new Treasurer and Controller, who will also serve as the principal financial officer of the company, Santa Fe and Portsmouth effective as of October 17, 2017. Ms. Xu, age 31, had served as Controller and other positions, of the Hilton San Francisco Financial District from July 2010 to February 2017.
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- The InterGroup Corporation, Santa Fe Financial Corporation and Portsmouth Square, Inc. Announce Management Changes