Terreno Realty Corporation Adds Independent Director

Rhea-AI Summary

Terreno Realty Corporation (NYSE: TRNO) announced the appointment of Irene H. Oh as an independent director, effective January 1, 2023, expanding its Board to nine members. Ms. Oh brings a wealth of experience, having served as Executive Vice President and CFO of East West Bancorp since January 2010. She also holds positions on the audit committee for the United Way of Greater Los Angeles. Terreno Realty operates industrial real estate in six major coastal U.S. markets, including Los Angeles, New Jersey, San Francisco, Seattle, Miami, and Washington, D.C.

Positive

• Appointment of experienced independent director Irene H. Oh expands Board of Directors to nine members.
• Irene H. Oh's extensive background as CFO of East West Bancorp adds financial expertise.

Negative

• None.

BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced the addition of Irene H. Oh as an independent director effective January 1, 2023, expanding its Board of Directors to nine. Ms. Oh has served as Executive Vice President and Chief Financial Officer of East West Bancorp and East West Bank since January 2010. Ms. Oh serves on the board and the audit committee of the United Way of Greater Los Angeles. Ms. Oh received a bachelor's degree from California State University, Los Angeles and master's degree in accounting from the University of Southern California. She is a certified public accountant (CPA).

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2021 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221210005035/en/

Jaime Cannon

415-655-4580

Source: Terreno Realty Corporation

FAQ

Who is the new independent director of Terreno Realty Corporation (TRNO)?

Irene H. Oh has been appointed as an independent director effective January 1, 2023.

What is the significance of the new appointment at Terreno Realty Corporation (TRNO)?

The addition of Irene H. Oh expands the Board of Directors to nine members and brings valuable financial expertise.

When was Irene H. Oh appointed as an independent director of TRNO?

Irene H. Oh was appointed effective January 1, 2023.

What positions does Irene H. Oh hold outside Terreno Realty Corporation (TRNO)?

She serves as Executive Vice President and CFO of East West Bancorp and is on the audit committee of the United Way of Greater Los Angeles.