The Sobrato Organization, one of Silicon Valley's most prolific developers, on Friday named a new CEO as its founders step back from daily C-suite duties.
Matthew Sonsini, the company's chief investment officer, has been promoted to CEO. The company’s current CEO, John Michael Sobrato, will be chairman of the board while his father and company founder, John Albert Sobrato, becomes chairman emeritus.
The timing of the transition has not yet been made clear.
