LOS ANGELES, Dec. 22, 2020 /PRNewswire/ -- Rexford
Industrial Realty, Inc. (the "Company" or "Rexford Industrial")
(NYSE: REXR), a real estate investment trust focused on creating
value by investing in and operating industrial properties
located in Southern California
infill markets, today announced that Debra L. Morris has been
appointed as an independent director to the Company's Board of
Directors effective December 31, 2020.
Debra L. Morris is currently
Executive Vice President, Chief Financial Officer of Apria
Healthcare, a leading provider of integrated home healthcare
equipment and related services in the United States, a role in
which she has served since March
2013. Prior to joining Apria, Ms. Morris served as
Chief Financial Officer—Americas for SITEL Worldwide Corporation, a
global leader in business processing outsourcing, from 2010 to
2013. Prior to that she served with Tatum LLC, a
national executive services firm, from 2004 to 2010 where she held
roles as Partner and Director during her tenure. From 1999 to 2002
she was Chief Financial Officer of Caliber Collision Centers.
Ms. Morris spent the earlier part of her career in
various roles with CB Richard Ellis, including as Executive
Vice President—Global Marketing and Integration and Executive Vice
President—Global Chief Accounting Officer. She currently serves on
the board and chairs the Audit Committee of ALC Schools, a provider
of alternative student transportation for school districts
nationwide.
"We are very pleased to welcome Debra to Rexford Industrial's
Board of Directors," stated Tyler
Rose, Director and Chairperson of the Company's Nominating
and Corporate Governance Committee. "Debra will bring significant
experience in corporate finance and real estate, and we expect
the Board will benefit from her engagement and counsel as we
continue to grow our innovative company and drive superior
shareholder returns by investing in the infill
Southern California industrial
market."
In connection with Rexford Industrial's ongoing
pursuit of enhanced board diversity and refreshment, Steven C. Good will be retiring from the Board
concurrent with Ms. Morris' appointment. Mr. Good's decision
to resign was not due to any disagreement with the Company on any
matter relating to its operations, policies or practices.
"Having served on our Board since our IPO in 2013, we are very
grateful to Steven for his many years of very valuable
service to the Company and we wish him all the very best. We
are excited for Debra to join our Board as we continue to
add new perspectives," said Richard S.
Ziman, Chairman of Rexford Industrial. Rexford
Industrial's Co-CEOs, Michael
Frankel and Howard Schwimmer,
added "We thank Steven for his dedication and time-tested
support of the Company. At the same time, we are pleased to
welcome Debra as a new independent director as we embark upon
our next stage of growth."
Ms. Morris will serve on the Company's
Audit and Compensation Committees. Tyler Rose will be appointed Chairperson of the
Audit committee and Diana
Ingram will be appointed the Company's Chairperson
of the Nominating and Governance Committee.
About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on
creating value by investing in and operating industrial properties
throughout Southern California
infill markets, owns 243 properties with approximately
31.0 million rentable square feet and manages an additional 20
properties with approximately 1.0 million rentable square feet.
For additional information, visit www.rexfordindustrial.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws, which are based on
current expectations, forecasts and assumptions that involve risks
and uncertainties that could cause actual outcomes and results to
differ materially. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts," or
"potential" or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events
or trends and which do not relate solely to historical matters.
While forward-looking statements reflect the Company's good faith
beliefs, assumptions and expectations, they are not guarantees of
future performance. For a further discussion of these and other
factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the reports and
other filings by the Company with the U.S. Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended December 31, 2019 and
the Current Report on Form 8-K filed with the SEC on or about the
date of this press release. The Company disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information,
data or methods, future events or other changes.
Contact:
Investor Relations:
Stephen Swett
424 256 2153 ext. 401
investorrelations@rexfordindustrial.com
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SOURCE Rexford Industrial Realty, Inc.