STAG Industrial, Inc. Announces Executives Changes
January 10, 2022 at 04:30 pm EST
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STAG Industrial, Inc. announced that pursuant to ongoing management succession planning by the Board of Directors, the Company expects that on July 1, 2022, Benjamin S. Butcher, the Company's current Chairman of the Board, will become Executive Chairman of the Board and that William R. Crooker, the Company's current President will join the Board of Directors. The Company further announced that its Board of Directors appointed Matts S. Pinard to the role of Executive Vice President and Treasurer. Mr. Crooker, the Company's Treasurer until Mr. Pinard's appointment, will continue in his role as President until assuming additional duties in July pursuant to the succession plan.
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Companyâs is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings.
STAG INDUSTRIAL, INC. 
