Jennifer Tuhy Promoted to Chief Financial Officer of Hudson Yards
Sara Pepitone March 13, 2015, 2:24 p.m.
Jennifer Tuhy is now the chief financial officer of Hudson Yards, a newly-created position at Related Companies.
Ms. Tuhy assumed her position earlier this month. As the CFO of the massive project, Ms. Tuhy, 39, will oversee all finance and accounting – budgeting, accounting and controls, financial reporting, tax, treasury and information systems- for Hudson Yards, the largest private real estate development in U.S. history.
Prior to the creation of this new position, several senior executives were responsible for various elements of the project’s finances and accounting. As the project gained momentum, it was deemed necessary to have one dedicated professional overseeing the dollars and cents.
“Jennifer has risen through the ranks at Related rather quickly,” said Jay Cross of Hudson Yards via a spokeswoman. “She was a key member of several firm-wide projects including our investment in CORE and the establishment of the Related Fund Management platform.”
Ms. Tuhy joined the firm 2001 as a project accountant for NY Development and was quickly promoted to a Controller for CityPlace and Related Urban. She then advanced to become the vice president of development accounting and senior vice president of the company’s accounting and finance.
Ms. Tuhy, who lives in Madison, N.J. with her husband and two children, graduated from Bucknell University with a bachelor’s degree in business administration. She said her accounting background provided “a head start to hit[ting] the ground running” and her multiple positions at Related helped prepare her for the new role.
“I have long-term experience in the coordination of people and problem-solving in a fast paced, high demand environment,” Ms. Tuhy told CO. “Having worked with multiple executives and disciplines throughout the organization will help me initiate and share best practices between Related and Hudson Yards.”
When asked if she was excited about Neiman Marcus coming to Hudson Yards (which will be the New York City debut of the Dallas-based luxury retailer), Ms. Tuhy said, “Yes, of course. Who wouldn’t want to shop at Neiman’s?”
And every executive knows shopping is only as fun as it is accessible.
“The wide array of offerings at Hudson Yards can only enhance the busy life we lead,” she said.
Working for ten years at the Time Warner Center spoiled her, she said.
“With the convenience of everything so close by it has made me more productive. [It’s] easier to get things done for both my personal and professional life.”
Prior to Related Ms. Tuhy worked at Tishman Speyer Properties and PricewaterhouseCoopers. She sits on the board of Big Brothers Big Sisters of Northern New Jersey.