President of Citadel Holding Leaves Company

Citadel Holding Corp., a Los Angeles-based real estate firm, on Monday said President Steve Wesson had left the firm.

Investor and company Chairman James A. Cotter will succeed Wesson as president, according to a statement from the firm.

Citadel said Wesson will continue to serve as a real estate consultant to the firm. No reason was given for Wesson’s departure.

Citadel was the former holding company for Fidelity Federal Bank, which was spun off in 1994. Citadel retained the company’s real estate holdings, which now consist primarily of an office building in Glendale. The firm also provides real estate consulting services to Reading Entertainment Inc., a movie theater operator, and has interests in agricultural partnerships.