Highwoods Properties, Inc. Announces Management Changes
December 04, 2018 at 04:16 pm EST
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Highwoods Properties, Inc. announced that on November 28, 2018, Theodore J. Klinck, 52, who has served as the company’s Executive Vice President and Chief Operating Officer since September 2015, was promoted to the position of President and Chief Operating Officer. Upon Mr. Fritsch’s recommendation as part of the Company’s succession planning activities, the Company’s Board of Directors elected Mr. Klinck to serve as President and Chief Operating Officer. Before becoming Executive Vice President and Chief Operating Officer, Mr. Klinck served as the Company’s Senior Vice President and Chief Investment Officer. Also, O. Temple Sloan, Jr., who will turn 80 in February 2019, is retiring as a director effective December 31, 2018. Mr. Sloan was a partner of the Company’s predecessor at the time of its founding in 1978. As part of the Board’s succession planning activities, Carlos E. Evans, 66, the current Chair of the Compensation and Governance Committee, has been elected to assume the independent Chair role effective December 31, 2018. Mr. Evans has been a director since January 2015. Mr. Evans retired from Wells Fargo Bank in May 2014, where he served as executive vice president and a member of its management committee.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Its primary business is the operation, acquisition and development of office properties. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company owns an interest in approximately 28.4 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build-out.
HIGHWOODS PROPERTIES, INC. 
