John Case and Chris Sultemeier Join Duke Realty Board of Directors
February 05 2018 - 11:24AM
Duke Realty Corporation (NYSE:DRE), the nation’s leading pure-play,
domestic-only, industrial property REIT (Real Estate Investment
Trust), announces that John Case and Chris Sultemeier have been
named to its Board of Directors. Mr. Case is Chief Executive
Officer and Director of Realty Income Corporation (NYSE:O), an
S&P 500 company with more than 5,000 commercial net lease
properties across the United States leased primarily to retail
tenants. Mr. Sultemeier was Executive Vice President of Logistics
for Walmart Stores, Inc. and President/Chief Executive Officer of
Wal-Mart Transportation LLC before his retirement in May 2017.
“On behalf of the Board of Directors of Duke Realty, we are
extremely happy that both John Case and Chris Sultemeier have
joined our board,” said William Cavanaugh, Lead Director and former
Chairman and Chief Executive Officer of Progress Energy. “John has
been instrumental in quadrupling the size of Realty Income
Corporation since he joined the company in 2010 and raising its
enterprise value to more than $21 billion. While overseeing
Walmart’s extensive domestic and international supply chain, Chris
successfully improved service to retail stores and warehouses while
reducing costs, doubled fleet efficiency within a 10-year span, and
established a two-day ground ecommerce network in the United States
over a two-year period.”
“I am excited to have John and Chris join our Board of Directors
and believe that their guidance on our company’s strategic
direction will prove invaluable,” said James B. Connor, Chairman
and Chief Executive Officer of Duke Realty. “John’s background in
commercial real estate and finance and Chris’ expertise in
logistics and industrial facility use will provide us with new
perspectives as we continue to build and strengthen our
company.”
Prior to joining Realty Income Corporation, Mr. Case worked as a
New York-based real estate investment banker for approximately 20
years where he was responsible for more than $100 billion in real
estate capital markets and advisory transactions. He is extensively
involved in the broader real estate industry, serving on the
Executive Board of the National Association of Real Estate
Investment Trusts (NAREIT) and the President’s Council of The Real
Estate Roundtable. Mr. Case graduated from Washington and Lee
University with a Bachelor of Arts degree in Economics and the
Darden School of Business at The University of Virginia with a
Master’s in Business Administration.
Mr. Sultemeier is a graduate of the U.S. Military Academy West
Point with a Bachelor of Science degree in Mechanical Engineering.
Upon graduation and commissioning, he attended the Army Airborne
and Ranger Schools, as well as the Army Officer Engineer School.
Mr. Sultemeier was a captain in the U.S. Army for five years and
served as a Platoon Leader, Task Force Engineer and Company
Executive Officer in the 1st Infantry Division. He currently serves
on the Congressional Medal of Honor Foundation Board.
About Duke RealtyDuke Realty Corporation owns
and operates approximately 146 million rentable square feet of
industrial assets in 21 key U.S. logistics markets. Duke Realty is
publicly traded on the NYSE under the symbol DRE and is listed on
the S&P 500. The company maintains a Baa1 rating from Moody’s
Investor Service and a BBB+ rating from Standard & Poor’s
Financial Services. More information about Duke Realty Corporation
is available at www.dukerealty.com. Duke Realty also can be
followed on Twitter, LinkedIn, Facebook and YouTube.
Contact Information:
Investors: Ron Hubbard 317.808.6060
Media: Helen McCarthy
317.708.8010
Duke Realty
Corporationwww.dukerealty.com
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