Kilroy Realty Corporation Elects Two New Board Members
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|LOS ANGELES, Jun 27, 2007 (BUSINESS WIRE) -- Kilroy Realty Corporation (NYSE:KRC) today announced its board of
directors has elected Scott Ingraham, former Chairman of the Board and
Chief Executive Officer of Rent.com, and Howard Shiebler, Senior
Managing Director, Pacific Region of GE Commercial Finance as
independent directors of the company. The two new board members bring
the total number of Kilroy Realty directors to eight, including six
independent members. They fill a position recently vacated by the
retirement of John R. D'Eathe and a newly created board position. Both
new board members will be nominees for director at the next annual
meeting of stockholders currently scheduled for May 2008 and, if
elected, will join the class of directors whose terms expire at the
2010 annual meeting of stockholders.
Scott Ingraham has been involved in income property-related businesses for 31 years and has started three companies including Oasis Residential, a publicly-traded REIT where he was co-founder, president and chief executive officer. Oasis Residential was merged into Camden Property Trust (NYSE:CPT) in 1998. Mr. Ingraham most recently founded Rent.com, which he sold to eBay in 2005. He is an active investor and advisor and is currently serving on the boards of four companies including two public companies, Camden Property Trust and LoopNet (NAS:LOOP).
Howard Shiebler is currently responsible for directing the Global Enterprise Group for GE Commercial Finance's largest clients in the Pacific Region. He has held senior positions at GE Capital, Mellon Bank and Protector Boats, a firm he founded in 2000. Mr. Shiebler has held numerous sales and finance related management positions, primarily with GE Commercial Finance, including roles within its corporate aircraft, commercial equipment, and fleet services units.
Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a Southern California-based real estate investment trust active in the office and industrial property sectors. For 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of California and Washington. Kilroy Realty currently has an in-process development and redevelopment pipeline of approximately 1.3 million square feet in Los Angeles and San Diego counties. At March 31, 2007, the company owned 7.8 million rentable square feet of commercial office space and 3.9 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.
SOURCE: Kilroy Realty Corporation
Kilroy Realty Corporation