SL Green Names James Mead as CFO
SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, today announced the appointment of James E. Mead to be the Company's Chief Financial Officer (CFO), effective December 1, 2010. He succeeds Gregory Hughes, who is leaving at the end of his current contract on November 30, 2010 to pursue other professional interests.
Mr. Mead, age 51, is a veteran financial executive who has worked in the commercial real estate industry for virtually his entire career. Most recently, he served from 2004 until earlier this year as CFO for Strategic Hotels and Resorts, a Chicago-based hospitality REIT specializing in high-end properties.
Early in his career, Mr. Mead served in various capacities at JP Morgan, including as Vice President, Real Estate Investment Banking. He joined the Irvine Company in 1991, where he was Vice President of Corporate Finance, and led the team that planned and executed the initial public offering for Irvine Apartment Communities. He served as that Company's Treasurer, and then as Chief Financial Officer and Corporate Secretary.
A graduate of Tulane University, Mr. Mead holds an MBA from the University of Virginia's Colgate Darden School of Business Administration.
With Mr. Hughes at the financial helm since 2004, SL Green has grown to be New York City's largest commercial office landlord and one of the REIT industry's top performers, as measured by total return to shareholders. During the past nearly seven years, the Company's combined market capitalization has grown by more than 270 percent and total return to shareholders has exceeded 97 percent.
Marc Holliday, Chief Executive Officer of SL Green, said, “We're thrilled to be able to bring in Jim Mead, a veteran executive with deep knowledge of REIT financial operations and a strong track record with other public companies. We anticipate a smooth transition, even as we lose one of the industry's great CFOs. Greg Hughes has been a key member of the industry's best executive team – a great professional colleague, a tireless manager, a successful advocate for the Company and its shareholders, and a close friend to all of us here. We certainly wish him well in his next endeavor.”
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