DALLAS -- (Business Wire)
REIT, Inc. (NYSE: TIER) announced today the appointment of Christie
Kelly as an independent director to its board of directors, effective
immediately. Ms. Kelly fills a vacancy on the board as a result of the
resignation of Thomas M. Herzog, a member of the board since 2015.
“It has been an honor to serve on the board of directors of TIER REIT
during its first several years as a publicly-listed REIT,” stated Mr.
Herzog, president and chief executive officer of HCP, Inc. (NYSE: HCP).
“I depart from this board with great satisfaction of the many milestones
that have been accomplished and the high quality of its team.”
Ms. Kelly joins the TIER REIT board of directors with extensive
leadership, real estate, and public company experience. She most
recently served as the global chief financial officer for Jones Lang
LaSalle (NYSE: JLL), a financial and professional services firm
specializing in real estate, from 2013 to 2018, and was executive vice
president and chief financial officer of Duke Realty Corporation (NYSE:
DRE), a real estate investment trust, from 2009 to 2013. Prior to these
roles, she led real estate equity syndication in the United States and
Canada for Lehman Brothers and was a business development as well as
finance leader with General Electric (NYSE: GE), including GE Real
Estate and GE Capital, for over 20 years. Ms. Kelly holds a bachelor of
arts degree in economics from Bucknell University and currently serves
on the board of directors for Park Hotels & Resorts (NYSE: PK) and Kite
Realty Group (NYSE: KRG), both of which are real estate investment
“We are pleased to welcome Christie to the board,” stated Rick
Gilchrist, chairman of the board of TIER REIT. “She brings extraordinary
leadership, real estate and public company experience that will further
strengthen and diversify our board, and we look forward to benefiting
from her thoughts and perspective.” Mr. Gilchrist added, “On behalf of
the board, we also extend our sincere thanks to Tom for his exceptional
vision and contributions over the past four years.”
Scott Fordham, chief executive officer of TIER REIT, stated, “We are
appreciative of the strategic insights and business acumen that Tom
brought to our boardroom. During his tenure, we have seen significant
transformation as a company. Looking forward, we are excited about the
talents that Christie will bring as we seek to continue providing
outsized returns to our stockholders.”
With these changes, the board is comprised of six directors, five of
whom are independent.
About TIER REIT, Inc.
TIER REIT, Inc. is a publicly traded (NYSE:TIER), self-managed,
Dallas-based real estate investment trust focused on owning quality,
well-managed commercial office properties in dynamic markets throughout
the U.S. TIER REIT’s vision is to be the premier owner and operator of
best-in-class office properties in TIER1 submarkets, which are primarily
higher density and amenity-rich locations within select, high-growth
metropolitan areas that offer a walkable experience to various
amenities. Our mission is to provide unparalleled, TIER ONE Property
Services to our tenants and outsized total return through stock price
appreciation and dividend growth to our stockholders.
For additional information regarding TIER REIT, please visit www.tierreit.com
or call 972.483.2400.
Certain statements made in this press release that are not based on
historical information are forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. This press release contains express or
implied forward-looking statements for which no assurance can be
provided. TIER REIT undertakes no obligation to update or revise the
information contained in this press release, whether as a result of new
information, future events or circumstances, or otherwise. For
additional disclosure regarding these and other risks faced by the
Company, see the disclosure contained in our public filings with the
Securities and Exchange Commission, including, without limitation, our
most recent Annual Report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190128005474/en/
TIER REIT, Inc.
Scott McLaughlin, 972.483.2465
Source: TIER REIT, Inc.
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