Piedmont Office Realty Trust, Inc. Announces CFO Transition
September 30 2024 - 3:15PM
Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced that
Robert E. Bowers, who has served as the Company’s Chief Financial
Officer (CFO) since 2007, will transition to an administrative role
effective November 8th and Sherry L. Rexroad will succeed him. Ms.
Rexroad brings approximately 30 years of experience in REITs and
real estate, finance, and capital markets to the role, having most
recently served as CFO of STORE Capital, a publicly traded
net-lease REIT. Prior to that, she spent a decade at BlackRock
Global Real Asset Securities as Global Head of Business Development
as well as Co-Global Chief Investment Officer and Chair of the
Investment Committee. She is currently a member of the Board of
Directors of Apartment Investment and Management Company (“Aimco”)
(NYSE: AIV).
Commenting on the transition, C. Brent Smith, Chief Executive
Officer, stated, “Bobby has left an indelible mark on Piedmont,
having been involved in virtually all aspects of the Company since,
and even prior to, our public listing in 2010. I will miss our
daily interaction and strategic collaboration. We thank him for his
meaningful contributions and celebrate him as he focuses more of
his time outside of Piedmont.” Continuing, Smith added, “We are
very pleased to welcome Sherry to the Piedmont team and look
forward to her leadership during the next chapter of the Company’s
history.”
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner,
manager, developer, redeveloper, and operator of high-quality,
Class A office properties located primarily in major U.S. Sunbelt
markets. Its approximately $5 billion portfolio is currently
comprised of approximately 16 million square feet. The Company is a
fully-integrated, self-managed real estate investment trust (REIT)
with local management offices in each of its markets and is
investment-grade rated by S&P Global Ratings (BBB-) and Moody’s
(Baa3). Piedmont is a 2024 ENERGY STAR Partner of the Year –
Sustained Excellence. For more information, see
www.piedmontreit.com.
Contact: Sarah
HeimlichCompany: Piedmont Office Realty
TrustPhone: 770 418
8800Email:
Investor.relations@Piedmontreit.com
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