LOS ANGELES--(BUSINESS WIRE)--Nov. 10, 2009--
Kilroy Realty Corporation (NYSE: KRC) today announced that
Tyler H. Rose, its current senior vice president and treasurer, will be
promoted to the position of executive vice president and chief financial
officer, effective at the end of the year. Mr. Rose will assume the role
from Richard E. Moran Jr., KRC’s current executive vice president and
chief financial officer, who will be stepping down after serving in that
role since 1997.
Mr. Rose and Mr. Moran both joined KRC in their present roles during the
period when the company made its initial public offering, and the two
have guided the company’s financial management ever since.
“For more than a decade, KRC and its stockholders have greatly benefited
from one of the best financial teams in the real estate industry,” said
John B. Kilroy, Jr., the company's president and chief executive
officer. “Dick Moran’s personal leadership, financial acumen and
business wisdom have established a high standard of financial
management. Tyler Rose has been an integral participant in the
development of Kilroy Realty’s financial strategy and capital management
throughout its history as a public company, and the Board of Directors
and I have the utmost confidence in Tyler’s ability to build on the
company’s strong financial position in the decades ahead.”
The company also announced that Michelle Ngo, currently senior director
of corporate finance, will be promoted to vice president and treasurer.
Ms. Ngo joined Kilroy Realty in 2006 after holding finance positions in
the real estate, private equity and investment banking industries.
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 over 60 years, the company
has owned, developed, acquired and managed real estate assets primarily
in the coastal regions of Los Angeles, Orange and San Diego counties. At
September 30, 2009, the company owned 8.66 million rentable square feet
of commercial office space and 3.65 million rentable square feet of
industrial space. More information is available at www.kilroyrealty.com.
Source: Kilroy Realty Corporation
Kilroy Realty Corporation
Tyler H. Rose
President and Treasurer