Wheeler Real Estate Investment Trust, Inc. Appoints Stewart J. Brown to Its Board of Directors
August 06 2015 - 8:30AM
Business Wire
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
(“Wheeler” or the “Company”), a company specializing in owning,
acquiring, financing, developing, renovating, leasing and managing
income producing assets, such as community centers, neighborhood
centers, strip centers and free-standing retail properties, today
announced that it has appointed Stewart J. Brown to the Company’s
Board of Directors effective August 5, 2015. Mr. Brown will also
serve on Wheeler’s Board of Directors’ Compensation and Investment
Committees as well as the Nominating and Corporate Governance
Committee where he will serve as Chair. Mr. Brown has over 45 years
of financial and organizational management experience in executive
management positions within the real estate, banking, and finance
industries. Mr. Brown will replace Christopher Ettel, who resigned
from his position with the Company due to time constraints related
to his work with his own company. Wheeler’s Board will remain at
eight members with five of those members being independent.
Presently, Mr. Brown is a Principal with Dunkirk Partners, where
he performs management consulting and executive coaching services.
In addition, Mr. Brown serves as Chairman of the Credit/Risk
Committee for Community and Southern Bank and is a member of the
board’s Joint Audit Committee. Mr. Brown has also served as the
past Chairman of the Board of Lodgian, Inc. of Atlanta and
Opportunity Bank of Dallas.
Mr. Brown also served for over 32 years as an officer in the US
Army in a variety of assignments. Mr. Brown received his Bachelor’s
degree in Political Science and Economics from UC Santa Barbara and
has an MBA from NYU’s Leonard N. Stern School of Business.
Jon S. Wheeler, Chairman and CEO, stated, “We are pleased to
welcome Stewart to the Company’s Board of Directors. Stewart has a
strong record of success. We believe his background in strategic
planning and consulting will lend itself well to the Company’s
Board and his leadership and organizational skills will make a
valuable contribution to our team.”
Mr. Wheeler continued, “We sincerely thank Chris for his
contributions during his time with the Company. He has served on
the Company’s Board since our IPO and we wish him the very best in
his future endeavors.”
About Wheeler Real Estate Investment
Trust Inc.
Headquartered in Virginia Beach, VA, Wheeler Real Estate
Investment Trust, Inc. is a fully-integrated, self-managed
commercial real estate investment company focused on acquiring and
managing income-producing retail properties with a primary focus on
grocery-anchored centers. Wheeler’s portfolio contains
well-located, potentially dominant retail properties in secondary
and tertiary markets that generate attractive risk-adjusted
returns, with a particular emphasis on grocery-anchored retail
centers.
Additional information about Wheeler Real Estate Investment
Trust, Inc. can be found at the Company’s corporate website:
www.whlr.us.
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version on businesswire.com: http://www.businesswire.com/news/home/20150806005227/en/
AT THE COMPANY:Wheeler Real Estate
Investment Trust, Inc.Robin Hanisch,
757-627-9088Corporate Secretaryrobin@whlr.usorLaura Nguyen,
757-627-9088Director of Capital Marketslnguyen@whlr.usorINVESTOR
RELATIONS:The Equity Group
Inc.Terry Downs,
212-836-9615Associatetdowns@equityny.comorAdam Prior,
212-836-9606Senior Vice-Presidentaprior@equityny.com
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