Leadership & Pay ·
Gyrodyne, LLC announced the termination of Chief Operating Officer Peter Pitsiokos effective October 2, 2026
GYROGyrodyne, LLC
Gyrodyne, LLC announced the termination of Chief Operating Officer Peter Pitsiokos effective October 2, 2026. The company will pay a six-month severance lump sum of $100,000 and continue his base salary through the termination date. Following this departure, Gyrodyne will retain only one full-time employee to manage the liquidation process, which is expected to conclude by the end of 2028. The company anticipates approximately $620,000 in savings over the remaining timeline. Gyrodyne operates in the real estate industry, focusing on the marketing, sale, and liquidation of its remaining property assets.