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.