Lexington Realty Trust Announces Appointment of Elizabeth Noe to Board of Trustees

Rhea-AI Summary

Lexington Realty Trust (NYSE:LXP) has appointed Elizabeth Noe to its Board of Trustees and the Audit Committee, effective May 18, 2021. Noe, a retired partner from Paul Hastings LLP, is recognized for her expertise in securities regulation and capital markets. Chairman and CEO T. Wilson Eglin expressed enthusiasm about Noe's contributions as Lexington transitions to an industrial REIT. The company boasts 43% female membership on its Board and aims to diversify further with a member from the racial or LGBTQ community by the end of 2022.

Positive

• Elizabeth Noe brings significant expertise in securities regulation and capital markets.
• 43% female representation on the Board enhances gender diversity.
• Plans to further diversify the Board with racial or ethnic members or LGBTQ representation.

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• None.

NEW YORK, May 18, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced that Elizabeth Noe has been appointed to its Board of Trustees and the Audit Committee of the Board of Trustees, effective May 18, 2021.

Ms. Noe recently retired from the global law firm Paul Hastings LLP, which she joined in 1995.  She served as a partner in the firm from February 2001 and as Chair of the Corporate Department from February 2010 until February 2020.  Ms. Noe is the Vice-chair and Chair-elect of the Board of Trustees of Agnes Scott College and has served as a Trustee of the College since July 2014. 

T. Wilson Eglin, Chairman, Chief Executive Officer and President of Lexington Realty Trust, commented, “We are delighted to welcome Elizabeth to our Board of Trustees. Elizabeth brings securities regulation, capital markets and governance expertise to our Board and we look forward to her contributions as we finalize our transition to an industrial REIT. We are proud of our effort with respect to gender diversity on our Board, with 43% female membership on our Board. We are now exploring diversifying our Board with a racial or ethnically diverse member or a member of the LBGTQ community and expect to announce the appointment of a candidate by the end of 2022.”

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. Lexington seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. For more information, including Lexington's Quarterly Supplemental Information package, or to follow Lexington on social media, visit www.lxp.com.

Contact:
Investor or Media Inquiries for Lexington Realty Trust:
Heather Gentry, Senior Vice President of Investor Relations
Lexington Realty Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com

FAQ

Who is the new appointee to the Lexington Realty Trust Board of Trustees?

Elizabeth Noe has been appointed to Lexington Realty Trust's Board of Trustees effective May 18, 2021.

What expertise does Elizabeth Noe bring to Lexington Realty Trust?

Elizabeth Noe brings expertise in securities regulation, capital markets, and governance to the Board.

What is the percentage of female members on the Lexington Realty Trust Board?

The Board has 43% female membership.

What are Lexington Realty Trust's plans for Board diversity?

Lexington Realty Trust plans to diversify its Board with a racial or ethnic member or a member of the LGBTQ community by the end of 2022.