People: Piedmont Office Realty Trust Inc (PDM.N)
PDM.N on New York Stock Exchange
17.98USD
1 Aug 2013
17.98USD
1 Aug 2013
Price Change (% chg)
$-0.11 (-0.61%)
$-0.11 (-0.61%)
Prev Close
$18.09
$18.09
Open
$18.13
$18.13
Day's High
$18.18
$18.18
Day's Low
$17.86
$17.86
Volume
275,577
275,577
Avg. Vol
321,881
321,881
52-wk High
$21.09
$21.09
52-wk Low
$16.49
$16.49
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
W. Wayne Woody |
71 | 2007 | Independent Chairman of the Board |
Donald Miller |
50 | 2007 | President, Chief Executive Officer, Director |
Frank McDowell |
64 | 2010 | Independent Vice Chairman of the Board |
Robert Bowers |
56 | 2011 | Chief Financial Officer, Executive Vice President, Treasurer |
Carroll Reddic |
47 | 2009 | Executive Vice President - Real Estate Operations, Assistant Secretary |
Raymond Owens |
55 | 2007 | Executive Vice President - Capital Markets |
Robert Wiberg |
57 | 2012 | Executive Vice President - Mid-Atlantic Region and Head of Development |
Laura Moon |
42 | 2007 | Chief Accounting Officer, Senior Vice President |
Michael Buchanan |
65 | 2002 | Independent Director |
Wesley Cantrell |
78 | 2007 | Independent Director |
William Keogler |
67 | 1998 | Independent Director |
Raymond Milnes |
61 | 2011 | Independent Director |
Donald Moss |
77 | 1998 | Independent Director |
Jeffrey Swope |
62 | 2008 | Independent Director |
Biographies
| Name | Description |
|---|---|
W. Wayne Woody |
Mr. W. Wayne Woody is Independent Chairman of the Board of Piedmont Office Realty Trust, Inc. He has served as a director of company since 2003 and as Chairman of the board of directors since 2007. From 1968 until his retirement in 1999, Mr. Woody was employed by KPMG LLP ("KPMG") and its predecessor firms, Peat Marwick Mitchell & Co. and Peat Marwick Main. As a Senior Partner of KPMG, he served in a number of key positions, including Securities and Exchange Commission Reviewing Partner and Partner-in-Charge of Professional Practice and Firm Risk Management for the southeastern United States and Puerto Rico. Mr. Woody was also a member of the board of directors of KPMG from 1990 through 1994. Since 2003, he has served as a director and Audit Committee Chair of American HomePatient, Inc., (formerly OTCBB:AHOM). From 2003 to 2007, he was also a director of Wells Real Estate Investment Trust II, Inc. and from 2004 to 2007 he was a director of Gold Kist, Inc. (formerly NASDAQ:GKIS). Mr. Woody is a retired Certified Public Accountant (“CPA”) in Georgia and North Carolina. |
Donald Miller |
Mr. Donald A. Miller, CFA, serves as President, Chief Executive Officer, Director of Piedmont Office Realty Trust, Inc., since 2007. Under Mr. Miller's leadership, Piedmont has become one of the five publicly traded office REIT's in the country based on comparison to the constituents of the Bloomberg U.S. Office REIT Index. From 2003 to 2007, Mr. Miller was the head of real estate activities at Wells Real Estate Funds, Inc. In such capacity, he was responsible for directing all aspects of the acquisitions, asset management, dispositions, property management, and construction groups. From 2001 to 2003, Mr. Miller headed the U.S. equity real estate operations of Lend Lease, international commercial real estate property group where he had worked since 1994. Prior to Lend Lease, Mr. Miller was responsible for regional acquisitions for Prentiss Properties Realty Advisors, a predecessor entity to Prentiss Properties Trust, a publicly traded REIT (which was acquired by Brandywine Realty Trust in 2005). Earlier in his career, Mr. Miller worked in the pension investment management department of Delta Air Lines and was responsible for real estate and international equity investment programs. Mr. Miller is also a Chartered Financial Analyst. He received a B.A. from Furman University in Greenville, South Carolina. He currently sits on the Board of Directors of Pacolet Milliken Enterprises, a Spartanburg South Carolina investment company specializing in real estate and energy. He is on the Board of Governors for the National Association of Real Estate Investment Trusts (NAREIT), a member of the Urban Land Institute (ULI), and the National Association of Industrial and Office Properties (NAIOP). |
Frank McDowell |
Mr. Frank C. McDowell is Independent Vice Chairman of the Board of Piedmont Office Realty Trust, Inc. He has served as a director of company since 2008 and as Vice Chairman since 2010. From 1995 until his retirement in 2004, Mr. McDowell served as President, Chief Executive Officer and Director of BRE Properties, Inc., a self-administered equity REIT, which owns and operates income-producing properties, primarily apartments, in selected Western U.S. markets. From 1992 to 1995, Mr. McDowell was chairman and CEO of Cardinal Realty, the nation’s fifteenth apartment management company and the nineteenth owner of multifamily housing at the time. Before joining Cardinal Realty, Mr. McDowell had served as a senior executive and head of real estate at First Interstate Bank of Texas and Allied Bancshares, where he had responsibility for regional management, real estate lending and problem asset workout. Additionally, Mr. McDowell served as a director of Eagle Hospitality Trust (NYSE: EHP) from 2006 to 2008 and was a licensed CPA in Texas from 1973 to 1993. |
Robert Bowers |
Mr. Robert E. Bowers is Chief Financial Officer, Executive Vice President, Treasurer of Piedmont Office Realty Trust, Inc. He has served as Chief Financial Officer since 2007. A veteran of the public financial services industry including having served as Chief Financial Officer for three other public companies, Mr. Bowers’ experience includes investor relations, debt and capital offerings, mergers and acquisitions, asset allocation, financial management and strategic planning. Mr. Bowers is also responsible for management of information technology, risk management and human resource functions. From 2004 until 2007, he served as Chief Financial Officer and Vice President of Wells REF and was a Senior Vice President of Wells Capital. Mr. Bowers was Chief Financial Officer and Director of NetBank, Inc. (formerly NASDAQ: NTBK) from 1997 to 2002. From 1984 to 1996, Mr. Bowers was Chief Financial Officer and Director of Stockholder Systems, Inc. (formerly NASDAQ: SSIAA), an Atlanta, Georgia-based financial applications company and its successor, CheckFree Corporation (formerly NASDAQ:CKFR). Mr. Bowers has provided strategic financial counsel to a range of organizations, including venture capital funds, public corporations and businesses considering listing on a national securities exchange. Mr. Bowers is a member of NAREIT and a CPA who began his career in 1978 as an audit manager for Arthur Andersen & Company in Atlanta. |
Carroll Reddic |
Mr. Carroll A. Reddic, IV, serves as Executive Vice President - Real Estate Operations, Assistant Secretary of Piedmont Office Realty Trust, Inc. He has served as Executive Vice President for Real Estate Operations since 2007. His responsibilities include company’s asset and property management divisions. Additionally, he provides oversight to company’s construction management and tenant relationship functions. From 2005 to 2007, Mr. Reddic was a Managing Director in the Asset Management Department at Wells Real Estate Funds, where he was responsible for supervising the firm’s asset management function in its Midwest and South regions. Prior to joining Wells Real Estate Funds, Mr. Reddic was an Executive Director with Morgan Stanley (including the predecessor companies of The Yarmouth Group and Lend Lease Real Estate Investments) from 1990 to 2004, where he served as portfolio manager for domestic commingled investment funds and international separate account portfolios. Mr. Reddic is a member of the National Association of Industrial & Office Properties (NAIOP), the Urban Land Institute (ULI), BOMA and CoreNet Global. |
Raymond Owens |
Mr. Raymond L. Owens serves as Executive Vice President - Capital Markets of Piedmont Office Realty Trust, Inc., since 2007. In this capacity, Mr. Owens is responsible for acquisition, disposition and financing activities of company. Prior to joining the company, Mr. Owens spent five years as a Managing Director—Capital Markets for Wells Real Estate Funds, where he oversaw its western regional acquisition team and its real estate finance team. Prior to joining Wells Real Estate Funds, Mr. Owens served as Senior Vice President for PM Realty Group from 1997 to 2002, overseeing all management operations in Atlanta, Washington, D.C., Chicago, and New York. Before joining PM Realty Group, Mr. Owens served as Vice President at General Electric Asset Management, where he managed and negotiated dispositions as well as third-party, nonrecourse financing for real estate assets. Mr. Owens is a member of the National Association of Real Estate Investment Managers (NAREIM), the National Association of Industrial & Office Properties (NAIOP), and the Urban Land Institute (ULI). |
Robert Wiberg |
Mr. Robert K. Wiberg has been Executive Vice President - Mid-Atlantic Region and Head of Development of Piedmont Office Realty Trust, Inc., since November 7, 2012. Mr. Wiberg is responsible for all leasing, property management, asset management, acquisitions and dispositions in the Mid-Atlantic Region, as well as all development projects nationwide. Piedmont's Mid-Atlantic Region is comprised of over three million square feet of office space located primarily in the metropolitan Washington, D.C. area. From 2006 to October of 2012, Mr. Wiberg was employed by Brandywine Realty Trust as EVP for their Metro Washington, D.C. region and also oversaw their California markets for a portion of that time. From 1997 to 2006, he was EVP for the Mid-Atlantic region for Prentiss Properties. Mr. Wiberg has had a long career focused on office leasing and development, including tenures at Cadillac Fairview and Coldwell Banker (now CBRE), garnering experience in the Los Angeles, CA; Dallas, TX; and Atlanta, GA markets, among others. He has served on the Board of Directors of the Northern Virginia Chapter of NAIOP and currently serves on the board of the Arlington Partnership for Affordable Housing. Mr. Wiberg earned his B.A. from Cornell University, an MBA from the University of California at Berkeley, and a Master of City and Regional Planning degree from Harvard University. |
Laura Moon |
Ms. Laura P. Moon serves as Chief Accounting Officer, Senior Vice President of Piedmont Office Realty Trust, Inc., since 2007. She has over twenty years of experience with accounting and reporting for public companies and at Piedmont she is responsible for all general ledger accounting, SEC and tax reporting functions. Prior to joining the company, Ms. Moon had been Vice President and Chief Accounting Officer at Wells Real Estate Funds since 2005 where she had responsibility for all general ledger accounting, financial and tax reporting, and internal audit supervision for 19 public registrants as well as several private real estate partnerships. From 2003 to 2005, Ms. Moon served as Senior Director of Financial Planning and Analysis for ChoicePoint, Inc. (formerly NYSE: CPS) (since February 2008, a wholly-owned subsidiary of Reed Elsevier) and from 1999 to 2006 was Chief Accounting Officer for NetBank, Inc. (formerly NASDAQ: NTBK). Ms. Moon is a CPA and began her career in 1991 with Deloitte & Touche LLP. |
Michael Buchanan |
Mr. Michael R. Buchanan serves as an Independent Director of Piedmont Office Realty Trust, Inc., since 2002. He was employed by Bank of America, N.A. and its predecessor banks, NationsBank and C&S National Bank, from 1972 until his retirement in March 2002. While at Bank of America, he held several key positions, including Managing Director of the Real Estate Banking Group, which was responsible for providing real estate loans, including construction, acquisition, development and bridge financing for the commercial and residential real estate industry, as well as providing structured financing for REITs. Mr. Buchanan also currently serves as director of D.R. Horton, Inc. |
Wesley Cantrell |
Mr. Wesley E. Cantrell serves as an Independent Director of Piedmont Office Realty Trust, Inc., since 2007. He was employed by Lanier Worldwide, Inc. (formerly NYSE: LR), a global document management company, from 1955 until his retirement in 2001. While at Lanier, Mr. Cantrell served in a number of key positions, including President from 1977 to 1987, President and Chief Executive Officer from 1987-1999, and Chairman and Chief Executive Officer from 1999 to 2001. From 1998 to 2009, Mr. Cantrell served as a director for AnnTaylor Stores Corporation (NYSE: ANN). Mr. Cantrell formerly served as a director for First Union National Bank of Atlanta, for Oxford Industries, Inc. (NYSE: OXM), and briefly for Institutional REIT, Inc. |
William Keogler |
Mr. William H. Keogler, Jr., serves as an Independent Director of Piedmont Office Realty Trust, Inc., since 1998. In 1985, Mr. Keogler founded Keogler, Morgan & Company, Inc., a full-service brokerage firm, and Keogler Investment Advisory, Inc., an investment advisory firm, in which he served as Chairman of the Board, President and Chief Executive Officer. In 1997, both companies were sold to SunAmerica, Inc., a publicly traded NYSE-listed company. Mr. Keogler continued to serve as President and Chief Executive Officer of these companies until his retirement in 1998. Prior to founding Keogler, Morgan & Company, Inc. Mr. Keogler served as a director of Robinson-Humphrey Company, an Atlanta based investment banking firm. |
Raymond Milnes |
Mr. Raymond G. Milnes, Jr., serves as Independent Director of Piedmont Office Realty Trust, Inc., since 2011. He retired as a partner from the accounting firm of KPMG LLP in 2011 where he had served as the National Sector Leader for the Building, Construction and Real Estate Practice for fourteen years. Mr. Milnes was employed by KPMG for 38 years and has accounting, auditing, and advisory experience in all sectors of the real estate and construction industries including real estate investment funds, real estate investment trusts, developers, operating properties, and syndication of private and public real estate partnerships. Mr. Milnes has served as the lead audit partner or executive for several of KPMG's real estate and construction clients, including both domestic and global clients and has been a frequent speaker and panelist on current trends in the building, construction, and real estate industry and has contributed to numerous real estate industry publications. In addition to his national role with KPMG, Mr. Milnes also has been an associate member of the Board of Governors of NAREIT, serves on the Advisory Board of the The Real Estate Center of DePaul University, and has been a member of the The Real Estate Roundtable President's Council. He has a BS in Accounting from the University of Detroit and is a licensed CPA. |
Donald Moss |
Mr. Donald S. Moss serves as an Independent Director of Piedmont Office Realty Trust, Inc., since 1998. He was employed by Avon Products, Inc. (NYSE: AVP), from 1957 until his retirement in 1986. While at Avon, Mr. Moss served in a number of key positions, including Vice President and Controller from 1973 to 1976, Group Vice President of Operations-Worldwide from 1976 to 1979, Group Vice President of Sales-Worldwide from 1979 to 1980, Senior Vice President-International from 1980 to 1983, and Group Vice President-Human Resources and Administration from 1983 until his retirement in 1986. From 1998 to 2007, Mr. Moss was a director of Wells Real Estate Investment Trust II, Inc. and he has served as a director and audit committee member of Wells Timberland REIT, Inc. since 2006. |
Jeffrey Swope |
Mr. Jeffrey L. Swope is an Independent Director of Piedmont Office Realty Trust, Inc., since 2008. In 1991, Mr. Swope formed Champion Partners Ltd., a nationwide developer and investor of office, industrial and retail properties, where he has served as Managing Partner and Chief Executive Officer since 1991. In addition, during 2011, Mr. Swope co-founded Champion Private Equity, a private real estate capital and investment company. He also serves on the University of Texas at Austin Business School Advisory Board and as a Trustee of the Business School Foundation at the University. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
W. Wayne Woody |
93,000 |
Donald Miller |
3,059,920 |
Frank McDowell |
-- |
Robert Bowers |
1,440,370 |
Carroll Reddic |
654,614 |
Raymond Owens |
656,420 |
Robert Wiberg |
516,345 |
Laura Moon |
488,727 |
Michael Buchanan |
-- |
Wesley Cantrell |
-- |
William Keogler |
-- |
Raymond Milnes |
-- |
Donald Moss |
-- |
Jeffrey Swope |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
W. Wayne Woody |
0 | 0 |
Donald Miller |
0 | 0 |
Frank McDowell |
0 | 0 |
Robert Bowers |
0 | 0 |
Carroll Reddic |
0 | 0 |
Raymond Owens |
0 | 0 |
Robert Wiberg |
0 | 0 |
Laura Moon |
0 | 0 |
Michael Buchanan |
0 | 0 |
Wesley Cantrell |
0 | 0 |
William Keogler |
0 | 0 |
Raymond Milnes |
0 | 0 |
Donald Moss |
0 | 0 |
Jeffrey Swope |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
REDDIC CARROLL A IV |
1,003 | $20.11 |
MILLER DONALD A |
9,233 | $20.11 |
MOON LAURA P |
405 | $20.11 |
MILLER DONALD A |
2,377 | $20.11 |
BOWERS ROBERT E |
2,674 | $20.11 |
BOWERS ROBERT E |
1,486 | $20.11 |
REDDIC CARROLL A IV |
238 | $20.11 |
OWENS RAYMOND LEE |
841 | $20.11 |
OWENS RAYMOND LEE |
399 | $20.11 |
MOON LAURA P |
797 | $20.11 |
BOWERS ROBERT E |
20,000 | $0.00 |
REDDIC CARROLL A IV |
516 | $19.62 |
MILLER DONALD A |
3,710 | $19.62 |
OWENS RAYMOND LEE |
427 | $19.62 |
OWENS RAYMOND LEE |
659 | $19.66 |
MILLER DONALD A |
4,910 | $19.66 |
MOON LAURA P |
488 | $19.66 |
BOWERS ROBERT E |
1,061 | $0.00 |
REDDIC CARROLL A IV |
379 | $0.00 |
SWOPE JEFFREY L |
2,568 | $0.00 |
KEOGLER WILLIAM H JR |
643 | $19.47 |
MILNES RAYMOND G JR |
2,568 | $0.00 |
MILLER DONALD A |
2,652 | $0.00 |
WOODY W WAYNE |
797 | $19.47 |
REDDIC CARROLL A IV |
713 | $19.47 |

