HOUSTON, Aug. 1 /PRNewswire-FirstCall/ -- Weingarten Realty announced today that the Company's Board of Trust Managers has elected C. Park Shaper, President of Knight, Inc. (formerly Kinder Morgan, Inc.), Kinder Morgan Energy Partners, L.P. (NYSE:KMP), and Kinder Morgan Management, LLC (NYSE:KMR), to serve on its Board. Mr. Shaper joined Kinder Morgan in 2000 as Vice President and CFO. He was named to the Office of the Chairman and the Boards of Directors of KMP and KMR in 2003, Executive Vice President in 2004, and President in 2005, and has been instrumental in spearheading the company's transparent financial reporting and communication to the investment community.
KMP is a leading energy transportation and storage company in North America. KMP owns an interest in or operates more than 26,000 miles of pipelines and 150 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also the leading provider of CO2 for enhanced oil recovery projects in North America. One of the largest publicly traded pipeline limited partnerships in America, KMP has an enterprise value of approximately $20 billion.
Prior to joining Kinder Morgan, Mr. Shaper served as President and Director of Altair Corporation, an enterprise focused on the distribution of web-based investment research for the financial services industry. In addition, he has served as Vice President and CFO for First Data Analytics, a wholly owned subsidiary of First Data Corporation. Mr. Shaper holds bachelor's degrees in industrial engineering and quantitative economics from Stanford University. He also earned a master's degree in business administration from the J.L. Kellogg Graduate School of Management at Northwestern University. An active member of the Houston community, Mr. Shaper sits on the Board of Directors of the Alley Theatre, the Children's Museum of Houston, and Boys and Girls Clubs of Houston.
Stanford Alexander, Chairman of the Board of Weingarten Realty, commented, "We are very pleased to be adding Park as an independent member of our Board of Trust Managers. We believe he will enhance and further strengthen our Board with his extensive business background and financial management expertise. He will be an outstanding complement to our fine Board of Trustees." As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty Investors (NYSE:WRI) is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in 22 states that span the United States from coast to coast. The Company's portfolio of 414 properties includes 336 neighborhood and community shopping centers and 78 industrial properties, aggregating 48.8 million square feet. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,600 tenants comprising less than 3% of its rental revenues. To learn more about the Company's operations and growth strategies, please visit http://www.weingarten.com/. DATASOURCE: Weingarten Realty CONTACT: Richard Summers of Weingarten Realty Investors, +1-713-866-6050 Web site: http://www.weingarten.com/
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