STAG Industrial, Inc. announced that, pursuant to its previously announced management succession plan, effective July 1, 2022 the Board of Directors appointed William R. Crooker to the role of Chief Executive Officer, in addition to his current role as President, and further appointed Mr. Crooker to the Board. As Chief Executive Officer, Mr. Crooker will lead and manage the Company's business, execute the strategies developed by management and the Board and serve as the chief spokesperson to the Company's employees, stockholders and business counterparties. Additionally, Benjamin S. Butcher transitioned from Chief Executive Officer to Executive Chairman of the Board.

As Executive Chairman, Mr. Butcher will manage the business of the Board, regularly consult with Mr. Crooker on key corporate matters and serve as a liaison between the Board and the management team. The Company further announced that effective July 1stthe Board promoted Michael C. Chase to Executive Vice President, in addition to his current role as Chief Investment Officer. Mr. Chase has served as a Senior Vice President – Acquisitions since the Company's formation and initial public offering in 2011 and has been Chief Investment Officer since 2020.

From 2003 to 2011, Mr. Chase served as Managing Director for STAG Capital Partners, LLC, the predecessor business of the Company.