Stratus Properties Inc. Announces Appointment of Two New Members to Its Board of Directors
December 11 2015 - 8:00AM
Business Wire
Stratus Properties Inc. (NASDAQ: STRS) announced today the
appointments of James E. Joseph and John G. Wenker to its Board of
Directors. The size of the Board has been expanded from four to six
directors. Mr. Joseph will serve as a Class I director and will be
up for re-election to the Board in 2017. Mr. Wenker will serve as a
Class II director and will be up for re-election to the Board in
2018.
James E. Joseph, age 54, is an experienced business leader with
over 25 years of experience in the consumer products, hospitality
and entertainment industries, including experience as a chief
executive officer where he led the dramatic turnaround of a
company. He currently serves as Dean of the Madden School of
Business at Le Moyne College, a position he has held since 2014.
Mr. Joseph previously served as the President and Chief Executive
Officer of Oneida Ltd., one of the world’s largest designers,
marketers, and distributors of housewares products. He joined
Oneida in 1988 and served in a variety of positions, including
Senior Vice President and Managing Director of Oneida
International and Executive Vice President, Worldwide Sales and
Marketing, until being named President in 2006. Mr. Joseph was
named Chief Executive Officer in 2007, a position he held until
Oneida was acquired in 2012. In 2010, he was inducted as an
honorary member of the Cornell Hotel Society at Cornell
University’s School of Hotel Administration. Mr. Joseph was a
Fellow at the Culinary Institute of America from 2009 through 2012.
He received his Bachelor of Science degree in Accounting from Le
Moyne College and a Master’s degree in Public Administration from
the Maxwell School of Citizenship and Public Affairs at
Syracuse University.
John G. Wenker, age 64, has over four decades of experience in
public policy, urban planning, real estate finance and valuation,
and portfolio management. He currently serves as Managing Director,
Head of Real Assets for Nuveen Asset Management, LLC and as Vice
President of Diversified Real Asset Income Fund. In 1992, Mr.
Wenker joined Piper Jaffray Companies, one of Nuveen’s
predecessors, as a portfolio manager for four real estate debt
closed-end funds and took over management of the firm’s equity Real
Estate Securities Strategy in 1999. He previously served in a
number of real estate-related roles in the finance departments for
the city of St. Paul, Minnesota and the Minneapolis Community
Development Agency, as a mortgage banker at Norwest Mortgage and as
a public finance investment banker at Miller & Schroeder
Financial. Mr. Wenker received his Bachelor of Arts degree in
Public Administration from Metropolitan State University and a
Master of Business Administration in Finance from the University of
St. Thomas.
William H. Armstrong III, Chairman of the Board, President
and Chief Executive Officer of Stratus, stated, “We are pleased to
welcome Jim Joseph and John Wenker to our Board of Directors and
look forward to their guidance and counsel. Jim has extensive
leadership experience and a strong understanding of the hospitality
and entertainment business. John brings tremendous experience in
the real estate finance industry. Their collective industry
experience and leadership will bring valuable insight to our Board
as we continue to execute Stratus’ five-year plan to create value
for stockholders.”
Stratus’ Board of Directors is now comprised of six members,
including five independent directors, who possess a diverse range
of perspectives and experience.
Stratus is a diversified real estate company engaged primarily
in the acquisition, entitlement, development, management, operation
and sale of commercial, hotel, entertainment, and multi- and
single-family residential real estate properties, primarily located
in the Austin area, but including projects in certain other select
markets in Texas.
____________________________
A copy of this release is available on Stratus'
website, www.stratusproperties.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151211005292/en/
Stratus Properties Inc.Financial and Media
Contact:William H. Armstrong III, 512-478-5788
Stratus Properties (NASDAQ:STRS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stratus Properties (NASDAQ:STRS)
Historical Stock Chart
From Jul 2023 to Jul 2024