DCT Industrial Trust® Announces Thomas G. Wattles to Be Appointed Chairman Emeritus
February 22 2016 - 08:00AM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, today announced that after more than 13 years of
service, Mr. Thomas G. Wattles will be appointed the Company's
Chairman Emeritus and will not stand for re-election to DCT
Industrial’s Board of Directors at the Company’s Annual meeting on
May 4, 2016. Mr. Wattles will remain on DCT Industrial’s Executive
and Internal Investment Committees.
“On behalf of all of DCT and the members of the Board, we are
extremely grateful for Tom’s leadership, dedication, tenure and
service to the Company. Everyone at DCT has and will continue to
benefit from his knowledge and expertise,” said Phil Hawkins,
President and Chief Executive Officer of DCT Industrial.
“Personally, I am very thankful for Tom’s perspective and candor,
and for his friendship.”
As Chairman Emeritus and a member of the Executive and Internal
Investment Committees, Mr. Wattles will carry on in his role of
helping DCT evaluate portfolio management and capital deployment
decisions. He will remain a pivotal figure, working with our
markets to grow and develop the Company.
Based on a unanimous vote of the Board, upon his re-election as
a director, Mr. Thomas F. August will be appointed to the position
of Chairman, immediately following the Company’s Annual Meeting on
May 4, 2016.
Mr. Wattles is a distinguished and accomplished figure in the
national real estate community. He co-founded DCT in 2003 and was a
part of the management team that took the Company through the IPO
in December of 2006. He has more than 35 years of experience and
has held a number of positions with distinguished companies. In
1992, he co-founded Security Capital Industrial Trust, now known as
Prologis Trust, and served as its Chief Investment Officer,
Chairman and Co-Chairman, and a member of the Board of Directors.
As Managing Director and Chief Investment Officer of Security
Capital Group, Mr. Wattles oversaw real estate research and served
as a member of the Operating Committee as well as numerous private
company boards of directors. He also spent 11 years with LaSalle
Partners, now known as Jones Lang LaSalle.
Mr. Wattles currently serves as a director of Regency Centers
where he chairs its Investment Committee and is a member of its
Audit Committee. Additionally, Mr. Wattles serves as a director of
Columbia Property Trust and is a member of its Operations and Audit
Committees.
About DCT Industrial
Trust®
DCT Industrial is a leading industrial real estate company
specializing in the acquisition, development, leasing and
management of bulk distribution and light industrial properties in
high-volume distribution markets in the U.S. As of December 31,
2015, the Company owned interests in approximately 71.1 million
square feet of properties leased to approximately 900 customers.
DCT Industrial maintains a Baa2 rating from Moody’s Investors
Service and a BBB- from Standard & Poor’s Rating Services.
Additional information is available at www.dctindustrial.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160222005481/en/
DCT Industrial Trust Inc.Media and Investor
Contact:Melissa Sachs, 303-597-2400VP, Corporate Communications
& Investor Relationsinvestorrelations@dctindustrial.com
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