Nominating & Governance Committee
Raymond L. Bank
|Nominating & Governance Committee|
Mr. Bank, age 62, has served on our Board since 1997. Mr. Bank was a
founder and President of Merchant Partners, a venture capital firm focusing on retail, direct
marketing, and consumer service companies, from 1994 through 2004. Since 1991, he has served as
President of Raymond L. Bank & Associates, Inc., a firm investing in and advising marketing-driven
companies in the retail, direct marketing and services sectors. Mr. Bank has an A.B. from Vassar
College, a J.D. from University of Baltimore Law School and an M.B.A. from the University of
Pennsylvania’s Wharton School. Mr. Bank is an experienced venture investor who has significant
experience with consumer and business-to-business marketing driven companies, including
retailers who lease space in strip malls. Mr. Bank has significant knowledge of the capital markets.
He has served as a director of both public and private companies and as a trustee of a number of
charitable institutions and has deep experience in serving on both audit and nominating and
governance committees. He has not held any other public company directorships during the past
five years. Mr. Bank has transactional experience both as an investor and as a director, for public
and private enterprises. His experience includes a long-standing interest in marketing to
consumers and businesses, through a variety of channels, including digital, print and broadcast.
|Nominating & Governance Committee|
Mr. Blair, age 57, has served on our Board since October 2014. He is the
Executive Chairman of Invitation Homes, a Blackstone portfolio company. Mr. Blair is a part-time
faculty member at Boston College and he also serves on the board of Pulte Homes and the advisory
board of Home Start, a non-profit focused on ending homelessness in the greater Boston area. Mr.
Blair is the former Chairman and CEO of AvalonBay Communities. He served as CEO from 2001
through 2012 and Chairman from 2012 through 2013. Prior to his role as CEO and Chairman, he
had previously served as President, Chief Operating Officer, Chief Investment Officer and Senior
Vice President of Development, Acquisitions and Construction. Prior to the formation of Avalon
Properties in 1993, Mr. Blair was a Partner with Trammell Crow Residential. Mr. Blair also
previously served as a Senior Advisor to McKinsey and Co. Mr. Blair is the past chairman of the
National Association of Real Estate Investment Trusts (“NAREIT”) where he also served on the
Executive Committee and on the Board of Governors. He is a past member of the Urban Land
Institute (ULI) where he served as a Trustee and was past chairman of the Multi-Family Council. Mr.
Blair is a past member of the Young Presidents Organization (YPO) and a current member of the
World Presidents Organization (WPO). Mr. Blair received an M.B.A. from Harvard Business School
and he graduated from the University of New Hampshire.
C. Ronald Blankenship
Mr. Blankenship, age 66, has served on our Board since 2001,
other than the directorship with CIVEO (NYSE), he has not held any other public company
directorships during the past five years. Mr. Blankenship served as the President and Chief
Executive Officer of Verde Realty from January 2009 and as its Chairman and Chief Executive
Officer from January 2012 to December 2012 when Verde Realty merged with Brookfield Asset
Management. Upon completion of the merger, Mr. Blankenship continued as the Chief Executive
Officer of Verde Realty until August 2013. Prior to 2009, he served as Co-Chairman of Verde Group
beginning in 2003. From 1998 until 2003, he was Vice Chairman of Security Capital Group
Incorporated, which was sold to GE Capital Corporation in 2002. He was Chief Operating Officer of
Security Capital from 1998 to 2002 and Managing Director from 1991 until 1998. Prior to 1997, he
was the Chief Executive Officer of Archstone Communities Trust. Mr. Blankenship was formerly a
trustee of Prologis Trust and a director of Archstone Communities Trust, BelmontCorp, InterPark
Holdings Incorporated, Storage USA, Inc., CarrAmerica Realty Corporation and Macquarie Capital
Partners, LLC. He also served as Interim Chairman, Chief Executive Officer and director of
Homestead Village Incorporated from 1999 until 2001. Mr. Blankenship has served as a director of
Pacolet-Miliken Enterprises, Inc., since 2012. He is also a director of CIVEO Corporation, Carefree
Communities and Berkshire Group, LLC. Mr. Blankenship is a certified public accountant and a
graduate of the University of Texas. Mr. Blankenship has extensive experience in the REIT industry,
including cross-border experience. He is an expert in real estate development, acquisitions,
financing and operations. He has extensive experience in public company financing, strategic
planning, capital allocation, people management and executive compensation. While he was with
Security Capital Group, Security Capital Group had controlling interests in 18 public and private
real estate operating companies, eight of which were listed on the NYSE. Prior to joining Security
Capital, Mr. Blankenship was a regional partner at Trammell Crow Residential and was on the
management board for Trammell Crow Residential Services. Before Trammell Crow, Mr.
Blankenship was the Chief Financial Officer and President of Office Development for Mischer
Corporation, a Houston-based real estate development company.
Alvin R. Carpenter
|Nominating & Governance Committee|
Mr. Carpenter, age 73, has served on our Board since 1993. Mr. Carpenter retired from CSX Corporation as Vice Chairman, a position he held from 1999 to 2001. From 1962 until 2001, he held a variety of positions with CSX, including President and Chief Executive Officer of CSX Transportation, Inc. (from 1992 to 1999) and Executive Vice President-Sales and Marketing of CSX Transportation, Inc. (from 1989 to 1992). Mr. Carpenter is a director of CONSOL Energy, Inc. and Stein Mart, Inc. He served as a director of Florida Rock Industries, Inc. until its merger in 2007 and Lender Processing Services, Inc., until 2014. He has not held any other public company directorships during the past five years other than with PSS World Medical, Inc. Mr. Carpenter is a graduate of the University of Cincinnati.
Mr. Carpenter has significant experience with managing a Fortune 500 company. In his roles with CSX, he gained significant experience with human resource issues as well as business integration issues. As evidenced by the numerous boards he has served on such as Blue Cross & Blue Shield of Florida, Nations Bank, Barnett Bank, Inc., Florida Rock Industries, Inc. and others, he has significant knowledge of key industries impacting the economy, strategic management and accounting as well as insights as to how public companies should be managed. Mr. Carpenter has served on our Board since we became a public company and as a result has significant understanding of our Company and industry.
J. Dix Druce Jr.
Mr. Druce, age 68, has served on our Board since 1993. Mr. Druce has
been President and Chairman of the Board of National P.E.T. Scan, LLC since 2000. From 1988 until
2000, he served as President and Chairman of the Board of Life Service Corp., Inc., a life insurance
management company, and President and director of American Merchants Life Insurance Company
and its parent, AML Acquisition Company, from 1992 until the companies’ sale in 2000. He was
President and director (Chairman from 1989 to 1991) of National Farmers Union Life Insurance
Company from 1987 to 1991, and President and director of Loyalty Life Insurance Company and
NFU Acquisition Company from 1987 to 1991. He served as a director of Florida Rock Industries,
Inc. until its merger in 2007. In October, 2015, Mr. Druce became an investor and Chairman of the
Board of MedMal Direct, which wholly owns MedMal Direct Insurance Company. Mr. Druce is a
graduate of Dartmouth College. Mr. Druce has significant experience in the insurance industry. He
has acquired and sold numerous companies in his career and has significant experience with
mergers and acquisitions. In connection with his role as CEO of numerous insurers and other
companies, he has strong skills in accounting and has significant knowledge of business operations.
Mr. Druce has served on our Board since we became a public company and as a result has
significant understanding of our Company and industry.
Mary Lou Fiala
Ms. Fiala, age 64, has served on our Board since 1997. Ms. Fiala is our
former President and Chief Operating Officer, having served from January 1999 to December 2009.
Before joining us, she was Managing Director - Security Capital U.S. Realty Strategic Group from
1997 to January 1999. Ms. Fiala was Senior Vice President and Director of Stores, New England -
Macy’s East/Federated Department Stores from 1994 to 1997. From 1976 to 1994, Ms. Fiala held
various merchandising and store operations positions with Macy’s/Federated Department Stores.
Ms. Fiala currently serves as a director of General Growth Properties, Inc. (NYSE), and Build-A-Bear
Workshop, Inc. (NYSE), where she also serves as its non-executive chairman. Ms. Fiala formerly
served as the Co-Chairman of LOFT Unlimited, a personal financial and business consulting firm,
and as a director of Flat Out Crazy, Inc., a privately held restaurant chain. Ms. Fiala has not held any
other public company directorships during the past five years. Ms. Fiala is a graduate of Miami
University. Ms. Fiala has extensive knowledge of our Company from her service both as an officer
and as a director. She has significant knowledge of the retail industry which provides us with great
insight into our tenants. She is a former chairman, and current member, of the board of trustees of
the International Council of Shopping Centers. She also has strong skills in operations management,
organizational management, marketing and human resources.
David P. O’Connor
DAVID P. O’CONNOR Mr. O’Connor, age 51, has served on our Board since August 2011.
He co-founded and was Senior Managing Partner of High Rise Capital Management, L.P., a real
estate securities hedge fund manager which managed several funds from 2001 to 2011. Mr.
O’Connor is currently a private investor and serves as Senior Managing Partner of High Rise Capital
Partners, LLC. From 1994 to 2000, he was Principal, Co-Portfolio Manager and Investment
Committee Member of European Investors, Inc., a large dedicated REIT investor. Mr. O’Connor is a
graduate of the Carroll School of Management at Boston College and has an M.S. degree in Real
Estate from New York University. Mr. O’Connor is an experienced and successful real estate
securities investor as well as hedge fund manager. He has extensive knowledge and experience in
real estate securities and capital markets. He serves on the Board of Trustees of Boston College, the
investment committees of endowments for Boston College and Columbia University (Teacher’s
College) and serves on the executive committee of the Zell/Lurie Real Estate Center at the
University of Pennsylvania’s Wharton School. He is a frequent speaker at REIT investment forums
and conferences and has served as an Adjunct Instructor of Real Estate at New York University. Mr.
O’Connor served as director of Songbird Estates, plc., until February 2015. He is a director of
Paramount Group, Inc. (NYSE), since November 2014 and Prologis, Inc. (NYSE), as of January 2015.
John C. Schweitzer
|Nominating & Governance Committee|
Mr. Schweitzer, age 71, has served on our Board since 1999. Mr.
Schweitzer is President of Westgate Corporation, which holds investments in real estate and
venture capital operations. Mr. Schweitzer serves as our lead director. He previously served as a
member of Pacific Retail Trust’s board of trustees before its merger into Regency in 1999. Mr.
Schweitzer also served as a director or officer of a number of public companies and financial
institutions, including Archstone-Smith Trust, J.P. Morgan Chase Bank of Texas-Austin, Franklin
Federal Bancorp, Elgin Clock Company, El Paso Electric Company, MBank El Paso, the Circle K
Corporation, Homestead Village Incorporated and Enerserv Products. Mr. Schweitzer is a graduate
of the University of Missouri and has an M.B.A from the University of Missouri. Mr. Schweitzer has
served on the boards of numerous public companies, many of which are real estate companies. He
has a strong background in business and finance with extensive experience in public company
strategies, executive compensation and human resource issues.
Martin E. Stein Jr.
Mr. Stein, age 63, is our Chairman of the Board and Chief Executive
Officer. He has served on our Board since 1993. He served as our President from our initial public
offering in 1993 until 1998. Mr. Stein also served as President of our predecessor real estate
division beginning in 1981, and Vice President from 1976 to 1981. He is a director and member of
the compensation and corporate governance committees of FRP Holdings, Inc., a publicly held
transportation and real estate company. Mr. Stein was formerly a director of Stein Mart, Inc., and
has not held any other public company directorships during the past five years. Mr. Stein is a
graduate of Washington and Lee University and has an M.B.A. from Dartmouth College’s Tuck
School of Business. Mr. Stein has led our Company since prior to it being a public company. In
addition to his leadership skills, he has extensive experience in the real estate industry. He is a past
Chairman of the National Association of Real Estate Investment Trusts (“NAREIT”). Mr. Stein has
been a member of the Urban Land Institute (“ULI”) since 1981 and presently serves on ULI’s Board
of Trustees. He is a member of the International Council of Shopping Centers and the Real Estate
Roundtable. Mr. Stein is a former trustee of Washington and Lee University and a former director
of Patriot Transportation Holding, Inc.
Thomas G. Wattles
Mr. Wattles, age 64, has served on our Board since 2001. Mr.
Wattles has been Executive Chairman of DCT Industrial Trust, a publicly held industrial property
REIT on the New York Stock Exchange, since 2003 and has been a director of Columbia Property
Trust (NYSE), a publicly held office property REIT, since 2013. Mr. Wattles was a principal of both
Black Creek Group and Dividend Capital Group LLC, each a real estate investment management
firm, from 2003 to 2008. He served as Chief Investment Officer of Security Capital Group from 1997
to 2002. Mr. Wattles was Managing Director, then Co-Chairman and Chief Investment Officer of
ProLogis, Inc. from 1992 to 1997. Mr. Wattles has previously served as a director of Prologis, Inc.,
Interpark Holdings Incorporated and Security Capital European Realty. Mr. Wattles is a graduate of
Stanford University and has an M.B.A. from the Stanford Graduate School of Business. Mr. Wattles
has extensive experience in the REIT industry, including cross-border experience. At Security
Capital Group, he oversaw capital deployment and investments in multiple public and private
operating platforms with focus on retail, industrial, parking, manufactured housing and European
office sectors. While Mr. Wattles was with Security Capital Group, Security Capital Group had
controlling interests in 18 public and private real estate operating companies, eight of which were
listed on the NYSE. He is an expert in real estate development, acquisitions, finance and
operations. He has significant knowledge of capital allocation, strategic planning and accounting.
= CHAIRPERSON = CHAIRMAN OF THE BOARD = FINANCIAL EXPERT