COPT Announces CEO Succession and Appoints New COO

Corporate Office Properties Trust OFC announced today that Randall M. Griffin, Chief Executive Officer, will retire from his role as CEO at the end of March 2012. Roger A. Waesche, Jr., COPT's President and Chief Operating Officer, has been elected CEO and as a member of the Board of Trustees, effective April 1, 2012. Mr. Griffin will transition his responsibilities over the next six months to Mr. Waesche, while maintaining his executive responsibilities for fiscal year 2011. Beginning April 1, 2012, Mr. Griffin will continue as a Trustee on COPT's Board and Mr. Waesche will serve as Trustee, President and CEO. Effective September 29, 2011, Stephen E. Budorick will join COPT as Executive Vice President (EVP) and COO, reporting to Mr. Waesche in his capacity as President, allowing for an effective transition of the COO responsibilities prior to April 2012.