Phillips Edison & Company announced that in August, current CFO, Devin Murphy, will transition to the role of President of PECO, where his responsibilities will include expanding the investment management business and raising additional institutional and retail equity. Further, he will oversee current joint ventures with TPG Real Estate and Northwestern Mutual. At the same time, John Caulfield, current Senior Vice President of Finance, will be appointed CFO.

John has worked for Devin since PECO began in 2014 and is intimately familiar with the company's financial operations and reporting processes as well as its properties and capital markets initiatives.