Hudson Pacific Announces Executive Promotions

Rhea-AI Summary

Hudson Pacific Properties (NYSE: HPP) has appointed Andy Wattula as Chief Operating Officer and Drew Gordon as Chief Investment Officer. Both executives have extensive experience within the company, enhancing leadership in operations and investment. Wattula, who joined in 2017, will manage the office portfolio, while Gordon, with Hudson Pacific since 2011, will oversee acquisitions and dispositions. These changes aim to streamline decision-making and leverage their expertise for long-term value creation.

Positive

• Drew Gordon and Andy Wattula promoted to key executive positions.
• Wattula's experience since 2017 supports operational success.
• Gordon's leadership since 2011 strengthens investment strategies.

Negative

• None.

Andy Wattula named Chief Operating Officer and Drew Gordon named Chief Investment Officer

LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the promotions of Drew Gordon, formerly Executive Vice President for California Office Operations, to Chief Investment Officer, and Andy Wattula, formerly Executive Vice President for Pacific Northwest/Canada Office Operations, to Chief Operating Officer.

"Drew and Andy are tenured executives who have demonstrated their ability to strategically lead Hudson Pacific’s investments and operations functions, respectively," said Victor Coleman, Chairman and CEO for Hudson Pacific. "This expanded organizational structure will support efficient decision-making and add value over the long term as we leverage our unique expertise and relationships to deliver world-class office and studio facilities."

As Chief Operating Officer, Wattula will oversee operations for the company’s entire office portfolio. Wattula joined Hudson Pacific in 2017 and has been instrumental in the success of the company’s Seattle and Vancouver operations. Prior to Hudson Pacific, Wattula was a Senior Vice President with Beacon Capital Partners and a Director at Hines. He also served as a Naval Flight Officer in the United States Navy.

As Chief Investment Officer, Gordon will oversee acquisitions and dispositions for Hudson Pacific. Gordon has been with Hudson Pacific since 2011 and has led operations throughout California and in Seattle. Prior to Hudson Pacific, he held executive positions at real estate firms including Venture Corporation, ATC Partners and SKS Investments.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221020005293/en/

Investor Contact

Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact

Laura Murray

Senior Director, Communications

(310) 622-1781

lmurray@hudsonppi.com

Source: Hudson Pacific Properties, Inc.

FAQ

Who are the new executives at Hudson Pacific Properties?

Drew Gordon has been named Chief Investment Officer, and Andy Wattula has been appointed Chief Operating Officer.

What is the significance of the executive promotions at HPP?

The promotions aim to enhance decision-making and long-term value creation within Hudson Pacific Properties.

What roles will Drew Gordon and Andy Wattula take on at HPP?

Gordon will oversee acquisitions and dispositions, while Wattula will manage the company's entire office portfolio.

When were the executive changes announced for Hudson Pacific Properties?

The promotions were announced in a press release dated October 20, 2022.

What is Hudson Pacific Properties' focus in real estate?

Hudson Pacific specializes in providing end-to-end real estate solutions for tech and media tenants.