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Spirit Realty Capital, Inc. Announces Promotion of Rochelle Thomas to Executive Vice President, General Counsel and Secretary
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Spirit Realty Capital (NYSE: SRC) has announced the promotion of Rochelle Thomas to Executive Vice President, General Counsel, and Secretary. Thomas, previously Senior Vice President and Deputy General Counsel, now joins the Executive Leadership Team and Investment Committee, reporting to President and CEO Jackson Hsieh. Her experience includes advising on legal, corporate, and ESG matters, and she is recognized for her leadership in Spirit's Diversity Council. She takes over from Jay Young, who was appointed Chief Administrative Officer and Chief Legal Officer.
Positive
Rochelle Thomas brings significant experience in legal and corporate governance, enhancing Spirit's leadership.
Her promotion aligns with Spirit’s commitment to ESG initiatives, likely improving the company's public image.
Negative
Concerns may arise regarding continuity and experience in legal leadership with the transition from Jay Young.
DALLAS--(BUSINESS WIRE)--
Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit” or the “Company”), a premier net lease real estate investment trust (“REIT”) that invests in single-tenant, operationally essential real estate, today announced the promotion of Rochelle Thomas to Executive Vice President, General Counsel and Secretary. In connection with the promotion, Ms. Thomas becomes a member of Spirit’s Executive Leadership Team and a voting member of Spirit’s Investment Committee. She will report to Mr. Jackson Hsieh, President and CEO.
Ms. Thomas previously served as the company’s Senior Vice President and Deputy General Counsel with primary responsibility for the legal division, including advising on real estate, corporate and securities, litigation, insurance, human capital management and ESG issues. She is a founding member of Spirit’s Diversity Council and Women’s Leadership Council and has been a principal driver in Spirit’s ESG efforts. Prior to joining Spirit in 2016, Ms. Thomas was a senior associate at Vinson & Elkins, LLP. She holds a bachelor’s degree with honors in history and political science from The Ohio State University and obtained her Juris Doctorate from the University of Pennsylvania Law School.
Mr. Hsieh stated, “On behalf of the Board of Directors and the Executive Leadership Team, I congratulate Rochelle on this major accomplishment and express the highest confidence she will continue to contribute significantly to Spirit’s success. Rochelle consistently demonstrates the maturity, perspective and judgment required of a public company General Counsel and is among the most respected leaders across our organization. She is a driving force in executing our acquisitions strategy, a key leader of our ESG efforts, and a trusted advisor to the Spirit Board of Directors.”
Ms. Thomas assumes the title formerly held by Mr. Jay Young who was separately appointed Executive Vice President, Chief Administrative Officer and Chief Legal Officer.
ABOUT SPIRIT REALTY
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases.
As of September 30, 2021, Spirit’s diverse portfolio consisted of 1,915 owned properties across 48 states, with an aggregate leasable area of 46.7 million square feet within retail, industrial and other assets. Spirit’s properties were leased to 312 tenants operating in over 35 industries.
What is the significance of Rochelle Thomas's promotion at Spirit Realty Capital?
Rochelle Thomas's promotion is significant as it strengthens the company's leadership in legal affairs and ESG initiatives, showcasing Spirit's commitment to corporate governance.
Who did Rochelle Thomas replace at Spirit Realty Capital?
Rochelle Thomas replaced Jay Young, who was appointed Executive Vice President, Chief Administrative Officer, and Chief Legal Officer.
What role does Rochelle Thomas hold at Spirit Realty Capital after her promotion?
After her promotion, Rochelle Thomas serves as Executive Vice President, General Counsel, and Secretary, as well as a voting member of the Investment Committee.
