Piedmont Office Realty Trust, Inc. Announces CFO Transition
Piedmont Office Realty Trust (NYSE:PDM) has announced a CFO transition. Robert E. Bowers, who has served as CFO since 2007, will move to an administrative role effective November 8th. Sherry L. Rexroad will succeed him as the new CFO.
Rexroad brings approximately 30 years of experience in REITs, real estate, finance, and capital markets. She most recently served as CFO of STORE Capital and previously spent a decade at BlackRock Global Real Asset Securities. Rexroad is currently a board member of Apartment Investment and Management Company (NYSE: AIV).
CEO C. Brent Smith expressed gratitude for Bowers' contributions and welcomed Rexroad to the Piedmont team, looking forward to her leadership in the company's next chapter.
Piedmont Office Realty Trust (NYSE:PDM) ha annunciato un cambio di CFO. Robert E. Bowers, che ha ricoperto il ruolo di CFO dal 2007, passerà a un ruolo amministrativo a partire dall'8 novembre. Sherry L. Rexroad lo succederà come nuovo CFO.
Rexroad porta con sé circa 30 anni di esperienza nel campo dei REIT, dell'immobiliare, della finanza e dei mercati di capitali. Recentemente ha ricoperto il ruolo di CFO di STORE Capital e in precedenza ha trascorso un decennio in BlackRock Global Real Asset Securities. Attualmente, Rexroad è membro del consiglio di amministrazione di Apartment Investment and Management Company (NYSE: AIV).
Il CEO C. Brent Smith ha espresso gratitudine per il contributo di Bowers e ha dato il benvenuto a Rexroad nel team di Piedmont, anticipando con piacere la sua leadership nel prossimo capitolo dell'azienda.
Piedmont Office Realty Trust (NYSE:PDM) ha anunciado una transición de CFO. Robert E. Bowers, quien ha sido CFO desde 2007, pasará a un papel administrativo a partir del 8 de noviembre. Sherry L. Rexroad lo sucederá como la nueva CFO.
Rexroad aporta aproximadamente 30 años de experiencia en REITs, bienes raíces, finanzas y mercados de capitales. Recientemente, se desempeñó como CFO de STORE Capital y anteriormente pasó una década en BlackRock Global Real Asset Securities. Actualmente, Rexroad es miembro de la junta de Apartment Investment and Management Company (NYSE: AIV).
El CEO C. Brent Smith expresó su gratitud por las contribuciones de Bowers y dio la bienvenida a Rexroad al equipo de Piedmont, anticipando con interés su liderazgo en el próximo capítulo de la empresa.
피에몬트 오피스 리얼티 트러스트 (NYSE:PDM)는 CFO 전환을 발표했습니다. 로버트 E. 바워스는 2007년부터 CFO로 재직해왔으며, 11월 8일부로 행정직으로 이동합니다. 셰리 L. 렉스로드가 새로운 CFO로 그를 이어받게 됩니다.
렉스로드는 REIT, 부동산, 금융 및 자본 시장 분야에서 약 30년의 경험을 가지고 있습니다. 그녀는 최근 STORE Capital의 CFO로 재직했고, 이전에는 블랙록 글로벌 리얼 자산 증권에서 10년을 보냈습니다. 현재 렉스로드는 아파트 투자 및 관리 회사 (NYSE: AIV)의 이사회 멤버입니다.
CEO C. 브렌트 스미스는 바워스의 기여에 감사를 표하며 렉스로드를 피에몬트 팀에 환영하고, 그녀의 리더십이 회사의 다음 장에서 기대된다고 전했습니다.
Piedmont Office Realty Trust (NYSE:PDM) a annoncé une transition de CFO. Robert E. Bowers, qui a été CFO depuis 2007, passera à un rôle administratif à compter du 8 novembre. Sherry L. Rexroad lui succédera en tant que nouveau CFO.
Rexroad possède environ 30 ans d'expérience dans les REIT, l'immobilier, la finance et les marchés de capitaux. Elle a récemment été CFO de STORE Capital et a précédemment passé une décennie chez BlackRock Global Real Asset Securities. Rexroad est actuellement membre du conseil d'administration de Apartment Investment and Management Company (NYSE: AIV).
Le PDG C. Brent Smith a exprimé sa gratitude pour les contributions de Bowers et a accueilli Rexroad dans l'équipe de Piedmont, se réjouissant de son leadership dans le prochain chapitre de l'entreprise.
Piedmont Office Realty Trust (NYSE:PDM) hat einen Wechsel des CFO angekündigt. Robert E. Bowers, der seit 2007 CFO war, wird ab dem 8. November eine administrative Rolle übernehmen. Sherry L. Rexroad wird ihn als neue CFO ersetzen.
Rexroad bringt ungefähr 30 Jahre Erfahrung in den Bereichen REITs, Immobilien, Finanzen und Kapitalmärkte mit. Zuletzt war sie CFO von STORE Capital und zuvor verbrachte sie ein Jahrzehnt bei BlackRock Global Real Asset Securities. Rexroad ist derzeit Mitglied des Vorstands der Apartment Investment and Management Company (NYSE: AIV).
CEO C. Brent Smith drückte seine Dankbarkeit für die Beiträge von Bowers aus und begrüßte Rexroad im Piedmont-Team und freut sich auf ihre Führung im nächsten Kapitel des Unternehmens.
- Appointment of experienced CFO with 30 years in REITs and real estate
- New CFO has previous experience as CFO of a publicly traded REIT
- Smooth transition plan with outgoing CFO moving to administrative role
- Departure of long-serving CFO who has been with the company since 2007
Insights
The appointment of Sherry L. Rexroad as the new CFO of Piedmont Office Realty Trust is a significant development, but its immediate impact on the company's financial performance is likely to be neutral. Rexroad brings extensive experience in REITs, real estate finance and capital markets, which could potentially benefit Piedmont in the long term.
Her background at STORE Capital and BlackRock Global Real Asset Securities suggests she has the expertise to navigate the complexities of the REIT sector. However, the transition of leadership roles, especially in key financial positions, can sometimes lead to short-term uncertainties.
Investors should monitor how Rexroad's strategies align with Piedmont's existing financial objectives and whether any significant changes in financial management or capital allocation are implemented. The market's reaction to this news will likely be muted until Rexroad's impact on the company's financial direction becomes more apparent.
Sherry L. Rexroad Named Successor
Atlanta, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that Robert E. Bowers, who has served as the Company’s Chief Financial Officer (CFO) since 2007, will transition to an administrative role effective November 8th and Sherry L. Rexroad will succeed him. Ms. Rexroad brings approximately 30 years of experience in REITs and real estate, finance, and capital markets to the role, having most recently served as CFO of STORE Capital, a publicly traded net-lease REIT. Prior to that, she spent a decade at BlackRock Global Real Asset Securities as Global Head of Business Development as well as Co-Global Chief Investment Officer and Chair of the Investment Committee. She is currently a member of the Board of Directors of Apartment Investment and Management Company (“Aimco”) (NYSE: AIV).
Commenting on the transition, C. Brent Smith, Chief Executive Officer, stated, “Bobby has left an indelible mark on Piedmont, having been involved in virtually all aspects of the Company since, and even prior to, our public listing in 2010. I will miss our daily interaction and strategic collaboration. We thank him for his meaningful contributions and celebrate him as he focuses more of his time outside of Piedmont.” Continuing, Smith added, “We are very pleased to welcome Sherry to the Piedmont team and look forward to her leadership during the next chapter of the Company’s history.”
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approximately
Contact: Sarah Heimlich
Company: Piedmont Office Realty Trust
Phone: 770 418 8800
Email: Investor.relations@Piedmontreit.com
FAQ
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