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The founder and former director of Gyrodyne, Peter James Papadakos (1914-1992), was the pioneer who perfected the American Coaxial helicopter design.

Upon purchasing the assets of the bankrupt Bendix Helicopter company, Mr. Papadakos founded Gyrodyne Company of America in 1946, to "Investigate advanced helicopter designs and development with the goal of producing a better rotary wing aircraft than any other being offered at that time".

On June 14, 1966, he formed the Flowerfield Properties wholly-owned subsidiary of the Gyrodyne Company for the purpose for holding certain assets of the company's property, investments and its limited partnership in the development of a 3,500 acre orange grove in West Palm Beach, Florida.

Frederick C. Braun III, 71, was appointed to the position of President and CEO by the Gyrodyne Board of Directors effective February 25, 2013. Mr. Braun is currently the Chairman of the Brookhaven Industrial Development Agency (“Brookhaven IDA”), a public benefit corporation of the State of New York that assists in the acquisition, construction, reconstruction, and equipping of commercial and industrial facilities. He has served in such capacity for approximately 25 years. Mr. Braun also serves as a member ex-officio on the Brookhaven IDA’s Audit, Finance and Governance Committees. From 2000 to September 2009, Mr. Braun served as Executive Vice President of State Bank of Long Island, a commercial bank subsidiary of State Bancorp, Inc. (acquired by Valley National Bancorp effective January 1, 2012).

Directors and Officers
Paul L. Lamb
Philip F. Palmedo
Elliot H. Levine
Richard B. Smith
Ronald J. Macklin
Nader G.M. Salour

Paul L. Lamb

Chairman of the Board of the Company

Paul L. LambPaul L. Lamb, age 67, has been a director since 1997 and became Chairman of the Board on March 14, 1999. He is a founding partner in the law firm of Lamb & Barnosky, LLP, where he has practiced law since 1984; a past President of the Suffolk County Bar Association; and a Dean of the Suffolk Academy of Law. He holds a B.A. from Tulane University, a J.D. from the University of Kentucky and an LL.M. from the University of London, England. The Board concluded that Mr. Lamb should serve as a director of the Company because he is an experienced attorney in all phases of finance and real estate development, which skill set brings extraordinary value in light of the Company’s business and structure.