ORLANDO, Fla., Aug. 19, 2016 /PRNewswire/ -- National
Retail Properties, Inc. (NYSE: NNN), a real estate investment
trust, today announced that Pamela K. M.
Beall and Steven D. Cosler
were appointed to the Board of Directors.
"We are excited to add Pam and Steve to our Board. Pam's
financial expertise and Steve's extensive management experience
will make each of them an excellent addition. They both bring
a broad depth of business skill and prior board experience that
will complement our other directors," said Craig Macnab, Chairman and Chief Executive
Officer.
Ms. Beall has an extensive background in finance and corporate
risk. She is Executive Vice President Corporate Planning and
Strategy of MPLX LP and is a director on the board of its general
partner, MPLX GP LLC., a subsidiary of Marathon Petroleum
Corporation (MPC), which is a Fortune 50 public company. MPLX
LP, a publicly traded master limited partnership, is one of the
largest petroleum pipeline companies and natural gas processors in
the United States. Previously, she held the positions of
Senior Vice President of Corporate Planning, Government and Public
Affairs of MPC and President of MPLX. Ms. Beall currently
serves on the board of trustees of the
University of Findlay, and as a member of the executive,
audit, business affairs and capital campaign committees. Ms.
Beall received a Bachelor of Science, Accounting degree from
the University of Findlay, and a Master
of Business Administration from Bowling Green
State University, and is a non-practicing Certified Public
Accountant.
Mr. Cosler has a wide-ranging executive management
background. He is an Operating Partner with Water Street
Healthcare Partners, a private equity firm focused exclusively on
the healthcare industry. Prior to Water Street, Mr. Cosler
was President and Chief Executive Officer of Priority Healthcare
Corporation, a Fortune 1000 company that distributed and managed
biopharmaceutical therapies until its acquisition by Express
Scripts. He also held executive positions with CoreSource,
Inc., one of the nation's largest healthcare administrators and
achieved a distinguished career at IBM Corporation. Mr.
Cosler currently serves as a director on four Water Street
portfolio company boards, including New Century Health where he
serves as Chairman. He also served as lead director of
Catamaran Corporation, one of the largest pharmacy benefit managers
in the healthcare industry until its acquisition by United
Healthcare in July, 2015. Among his civic contributions, Mr.
Cosler co-founded and serves as the Chairman of Elevate
Indianapolis, a non-profit organization focused on advancing urban
youth. He received a Bachelor's degree in Industrial
Management from Purdue University.
National Retail Properties invests primarily in high-quality
retail properties subject generally to long-term, net leases.
As of June 30, 2016, the company
owned 2,452 properties in 48 states with a gross leasable area of
approximately 26.3 million square feet and a weighted average
remaining lease term of 11.4 years. For more information on
the company, visit www.nnnreit.com.
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SOURCE National Retail Properties, Inc.