Highwoods Elects David Gadis to Board of Directors
Highwoods Properties (NYSE:HIW) has announced the election of David L. Gadis to its Board of Directors, effective January 1, 2021.
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Rhea-AI Summary
Highwoods Properties (NYSE:HIW) has announced the election of David L. Gadis to its Board of Directors, effective January 1, 2021. Gadis brings over 30 years of leadership experience, having served as CEO of DC Water, overseeing a $1 billion budget and a workforce of approximately 1,100. His prior role included CEO and President of Veolia Water Indianapolis. Chairman Carlos E. Evans expressed confidence in Gadis’s ability to enhance the board's expertise, focusing on long-term shareholder value and community support.
Positive
- David L. Gadis brings over 30 years of leadership experience to the board.
- Gadis has a strong background in managing large organizations and capital-intensive projects.
- His experience aligns with Highwoods' strategic objectives, potentially enhancing long-term shareholder value.
Negative
- None.
Details
News Market Reaction – HIW
The recorded move for HIW in the trading session of this news was +0.91%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that David L. Gadis, 58, has been elected to join the Company’s Board of Directors effective January 1, 2021.
Carlos E. Evans, Chairman of the Board of Highwoods Properties, said, “David has over 30 years of experience leading organizations, implementing long-term strategic plans and overseeing large and diverse workforces. His extensive managerial background and experience with a capital intensive industry complements the skills and experience of an already strong board. We look forward to the contributions David will make to our Company as we focus on continuing to deliver long-term shareholder value and supporting our local communities.”
Mr. Gadis has served as chief executive officer and general manager of DC Water, one of the largest water utilities in the U.S., since May 2018, where he oversees a
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods, please visit our website at www.highwoods.com.
| Contact: | Brendan Maiorana |
| Executive Vice President, Finance | |
| 919-431-1529 |
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