BLOOMFIELD HILLS, Mich.,
July 10, 2015 /PRNewswire/
-- Agree Realty Corporation (NYSE: ADC) (the "Company")
today announced that Mr. Brian
Dickman has resigned as Chief Financial Officer and
Secretary to pursue another business opportunity. The
resignation will take effect after a transition period which is
expected to end on or around August
4, 2015. Mr. Kenneth
Howe, former Chief Financial Officer of the Company, has
been appointed to serve as interim Chief Financial Officer upon Mr.
Dickman's departure. Mr. Howe has been with the Company since
its initial public offering in 1994, serving as Chief Financial
Officer from April 1994 to
November 2010, and is currently the
Company's Director of Tax. Mr. Michael Donahue, the Company's Corporate
Controller, will continue to lead the day-to-day operations of the
Company's accounting department. The Company has commenced a
search for Mr. Dickman's permanent replacement.
"We want to thank Brian for his contributions to our Company
during his tenure and wish him the best in his new position," said
Joey Agree, President and Chief Executive Officer of the
Company. "We will work to locate and hire a capable,
like-minded successor in a timely fashion. We are confident
that our experienced financial and accounting teams will continue
to oversee the financial operations of the Company while we look
for Brian's successor."
About Agree Realty Corporation
Agree Realty is primarily engaged in the acquisition and
development of properties net leased to industry leading retail
tenants. The Company currently owns and operates a portfolio
of 253 properties, located in 41 states and containing
approximately 5.0 million square feet of gross leasable
space. The common stock of Agree Realty Corporation is listed
on the New York Stock Exchange under the symbol "ADC".
For additional information, visit the Company's web page at
www.agreerealty.com.
This press release contains forward-looking statements that
represent the Company's expectations and projections for the
future. Although these forward-looking statements are based on good
faith beliefs, reasonable assumptions and the Company's best
judgment reflecting current information, certain factors could
occur that might cause actual results to vary, including
deterioration in national economic conditions, weakening of real
estate markets, decreases in the availability of credit, increases
in interest rates, adverse changes in the retail industry, our
continuing ability to qualify as a REIT and other factors discussed
in the Company's reports filed with the Securities and Exchange
Commission. Except as required by law, the Company assumes no
obligation to update these forward-looking statements, even if new
information becomes available in the future.
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SOURCE Agree Realty Corporation