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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Directors Deals Ltd.

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Hines Global Reit Inc Announces Management Change-Form 8-K

Thursday, 28 Feb 2013 11:33am EST 

Hines Global Reit Inc reported in its Form 8-K that on February 25, 2013, the Board of Directors of Hines Global REIT, Inc. received notice of Charles N. Hazen's decision to retire from his role as President and Chief Executive Officer (CEO) of the Company and the general partner of the Company's advisor, Hines Global REIT Advisors LP (Advisor) in order to pursue personal interests. On the same date, the Board accepted Sherri W. Schugart's resignation as Chief Operating Officer of the Company, which position will be left unfilled, and appointed her as the Company's President and Chief Executive Officer. Ms. Schugart simultaneously resigned as the Chief Operating Officer of the general partner of the Advisor, which position will also be left unfilled, and was appointed as its President and Chief Executive Officer. In addition to the resignation from the positions described above, Mr. Hazen resigned as a director of Hines Securities, Inc. (HSI), the Company's dealer-manager, for which Ms. Schugart currently serves as a director. The resignations and appointments described above will be effective on March 15, 2013. 

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19 Dec 2014