Nominating & Governance Committee
Raymond L. Bank
|Nominating & Governance Committee|
Mr. Bank, age 61, 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. 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. He has not held any other public company directorships during the past five years.
|Nominating & Governance Committee|
Mr. Blair, age 55, 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 thru 2012 and Chairman
from 2012 thru 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 MBA
from Harvard Business School and he graduated from the University of New Hampshire.
C. Ronald Blankenship
Mr. Blankenship, age 65, has served on our Board since 2001 and 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 was formerly 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 67, 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. He has not held any other public company directorships during the past five years. 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 63, 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., and Build-A-Bear Workshop, Inc., 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
Mr. O’Connor, age 50, 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., since November 2014 and Prologis, Inc., as of January 2015.
John C. Schweitzer
|Nominating & Governance Committee|
Mr. Schweitzer, age 70, 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 62, 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 63, has served on our Board since 2001. Mr. Wattles has been Executive Chairman of DCT Industrial Trust, a publicly held industrial property REIT, since 2003 and has been a director of Columbia Property Trust, 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