Rexford Industrial Announces New CFO Hire & Promotion of Laura Clark to COO
Rexford Industrial Realty, Inc. (NYSE: REXR) has announced key leadership changes effective November 18, 2024. Michael Fitzmaurice has been appointed as the new Chief Financial Officer (CFO), while Laura Clark, the current CFO, has been promoted to the role of Chief Operating Officer (COO).
Mr. Fitzmaurice brings 25 years of experience in the public REIT sector, most recently serving as Executive Vice President and CFO of RPT Realty. He played a important role in the successful merger with Kimco Realty in January 2024. Laura Clark's promotion to COO comes after four years of substantial contributions as CFO.
The Co-CEOs, Michael Frankel and Howard Schwimmer, expressed enthusiasm about these changes, highlighting the potential for significant value creation and growth opportunities for Rexford Industrial.
Rexford Industrial Realty, Inc. (NYSE: REXR) ha annunciato importanti cambiamenti di leadership a partire dal 18 novembre 2024. Michael Fitzmaurice è stato nominato nuovo Chief Financial Officer (CFO), mentre Laura Clark, l'attuale CFO, è stata promossa al ruolo di Chief Operating Officer (COO).
Il sig. Fitzmaurice porta con sé 25 anni di esperienza nel settore dei REIT pubblici, avendo recentemente ricoperto il ruolo di Vice Presidente Esecutivo e CFO di RPT Realty. Ha svolto un ruolo importante nella riuscita fusione con Kimco Realty avvenuta nel gennaio 2024. La promozione di Laura Clark a COO arriva dopo quattro anni di contributi significativi come CFO.
I Co-CEO, Michael Frankel e Howard Schwimmer, hanno espresso entusiasmo riguardo a questi cambiamenti, evidenziando il potenziale per una significativa creazione di valore e opportunità di crescita per Rexford Industrial.
Rexford Industrial Realty, Inc. (NYSE: REXR) ha anunciado cambios clave en el liderazgo que entrarán en vigor el 18 de noviembre de 2024. Michael Fitzmaurice ha sido nombrado nuevo Chief Financial Officer (CFO), mientras que Laura Clark, la actual CFO, ha sido ascendida al cargo de Chief Operating Officer (COO).
El Sr. Fitzmaurice aporta 25 años de experiencia en el sector de los REIT públicos, habiendo trabajado recientemente como Vicepresidente Ejecutivo y CFO de RPT Realty. Desempeñó un papel importante en la exitosa fusión con Kimco Realty en enero de 2024. El ascenso de Laura Clark a COO se produce después de cuatro años de contribuciones sustanciales como CFO.
Los Co-CEOs, Michael Frankel y Howard Schwimmer, expresaron entusiasmo por estos cambios, destacando el potencial para la creación significativa de valor y oportunidades de crecimiento para Rexford Industrial.
렉스포드 인더스트리얼 리얼티, 인크. (NYSE: REXR)는 2024년 11월 18일부터 시행되는 주요 리더십 변화를 발표했습니다. 마이클 피츠모어리스가 새로운 최고 재무 책임자 (CFO)로 임명되었으며, 현재의 CFO인 로라 클락은 최고 운영 책임자 (COO)로 승진했습니다.
피츠모어리스 씨는 25년의 경험을 공공 REIT 부문에서 갖고 있으며, 최근에는 RPT 리얼티의 부회장 겸 CFO로 재직했습니다. 그는 2024년 1월 킴코 리얼티와의 성공적인 합병에서 중요한 역할을 했습니다. 로라 클락의 COO 승진은 CFO로서의 4년간의 상당한 기여에 이은 것입니다.
공동 CEO인 마이클 프랭켈과 하워드 슈윔머는 이러한 변화에 대한 기대감을 표명하며, 렉스포드 인더스트리얼에 대한 상당한 가치 창출과 성장 기회의 잠재력을 강조했습니다.
Rexford Industrial Realty, Inc. (NYSE: REXR) a annoncé des changements clés dans son leadership, entrant en vigueur le 18 novembre 2024. Michael Fitzmaurice a été nommé nouveau Directeur Financier (CFO), tandis que Laura Clark, l'actuelle CFO, a été promue au poste de Directeur des Opérations (COO).
M. Fitzmaurice apporte 25 ans d'expérience dans le secteur des REIT publics, ayant récemment occupé le poste de Vice-Président Exécutif et CFO de RPT Realty. Il a joué un rôle important dans la fusion réussie avec Kimco Realty en janvier 2024. La promotion de Laura Clark au poste de COO intervient après quatre ans de contributions significatives en tant que CFO.
Les Co-Directeurs Généraux, Michael Frankel et Howard Schwimmer, ont exprimé leur enthousiasme concernant ces changements, soulignant le potentiel de création de valeur significative et d'opportunités de croissance pour Rexford Industrial.
Rexford Industrial Realty, Inc. (NYSE: REXR) hat am 18. November 2024 wichtige Führungswechsel angekündigt. Michael Fitzmaurice wurde als neuer Chief Financial Officer (CFO) ernannt, während Laura Clark, die derzeitige CFO, zur Chief Operating Officer (COO) befördert wurde.
Herr Fitzmaurice bringt 25 Jahre Erfahrung im öffentlichen REIT-Sektor mit, zuletzt als Executive Vice President und CFO von RPT Realty tätig. Er spielte eine wichtige Rolle bei der erfolgreichen Fusion mit Kimco Realty im Januar 2024. Laura Clarks Beförderung zur COO erfolgt nach vier Jahren bedeutender Beiträge als CFO.
Die Co-CEOs Michael Frankel und Howard Schwimmer äußerten sich begeistert über diese Veränderungen und hoben das Potenzial für eine bedeutende Wertschöpfung und Wachstumschancen für Rexford Industrial hervor.
- Appointment of experienced CFO Michael Fitzmaurice with 25 years in public REIT sector
- Promotion of Laura Clark to COO, leveraging her successful tenure as CFO
- Strategic leadership changes aimed at capitalizing on growth opportunities
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Insights
The appointment of Michael Fitzmaurice as CFO and promotion of Laura Clark to COO at Rexford Industrial is a strategic move that could positively impact the company's growth trajectory. Fitzmaurice's extensive 25-year experience in the public REIT sector, particularly his recent role in the successful merger of RPT Realty with Kimco Realty, brings valuable expertise to Rexford's financial leadership.
Clark's promotion to COO after four years as CFO suggests a strong internal talent pipeline and continuity in leadership. This transition allows her to focus on operational efficiency and growth strategies, potentially enhancing the company's performance in the competitive Southern California industrial real estate market.
For investors, these changes signal Rexford's commitment to strengthening its executive team to capitalize on growth opportunities in the infill Southern California industrial property sector. The market may view this positively, as experienced leadership is important for navigating the complex real estate landscape and driving shareholder value.
"We are very pleased to welcome Michael Fitzmaurice to the Rexford Industrial team. Michael is a strategic, results-driven and team-focused leader who we are excited to partner with as we capitalize upon Rexford's significant forward growth opportunity," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "We are also pleased to elevate Laura Clark to COO and are grateful for Laura's substantial contributions as CFO over the last four years. Laura's promotion to COO will enable her to drive substantial value creation through the operational and growth segments of our business."
Mr. Fitzmaurice brings 25 years of experience in the public REIT sector to Rexford Industrial. He most recently served as Executive Vice President, CFO of RPT Realty, where he joined in 2018, and was instrumental in the successful merger with Kimco Realty in January 2024. Prior to joining RPT, Mr. Fitzmaurice served as Vice President and then Senior Vice President of Finance for Retail Properties of America, Inc. from 2012 to 2018. Earlier in his career, Mr. Fitzmaurice held positions of growing responsibility at General Growth Properties and Equity Office Properties. Mr. Fitzmaurice received his B.S. in finance from the University of
Russell Reynolds Associates (RRA), a leading executive search and leadership advisory firm, partnered with Rexford Industrial on this important mandate. Deb Barbanel and Nick Roberts led the effort on behalf of RRA.
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. 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 which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. 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 reports and other filings by the Company with the
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SOURCE Rexford Industrial Realty, Inc.
FAQ
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