Rexford Industrial Announces Chairman Richard Ziman to Retire Following Annual Meeting

Rexford Industrial Realty (NYSE: REXR) announced that Chairman Richard Ziman will retire from his role and the Board of Directors following the Company's Annual Meeting of Stockholders on June 3, 2025.

Rhea-AI Summary

Rexford Industrial Realty (NYSE: REXR) announced that Chairman Richard Ziman will retire from his role and the Board of Directors following the Company's Annual Meeting of Stockholders on June 3, 2025. The Board has approved the appointment of current lead independent director Tyler Rose to serve as the new Chairman, subject to the results of the Annual Meeting.

Co-CEOs Michael Frankel and Howard Schwimmer expressed gratitude for Ziman's contributions and affirmed the company remains well positioned to unlock substantial embedded NOI growth opportunities and drive long-term shareholder value.

Argus Session date unavailable

-0.79% session move Open Argus

Details

News Market Reaction – REXR

The recorded move for REXR in the trading session of this news was -0.79%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LOS ANGELES, April 14, 2025 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced that Richard Ziman, Chairman of the Board of Directors, will retire from his role and the Board of Directors following the Company's Annual Meeting of Stockholders on June 3, 2025 (the "Annual Meeting").

"It's been a privilege to be a part of the tremendous growth of Rexford Industrial, and I have the utmost confidence in the team's continued success," stated Richard Ziman.

"We are deeply grateful for Richard's contributions as Chaiman," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "Looking forward, we remain well positioned to unlock our substantial embedded NOI growth opportunities and drive long-term shareholder value."

Subject to the results of the Annual meeting and the election of directors, the Board of Directors approved the appointment of current lead independent director Tyler Rose to serve as the Chairman of the Board of Directors effective as of the conclusion of the Annual Meeting. Because such appointment is subject to the results of the Annual Meeting, the Company will make the appropriate disclosures if and when such appointment becomes effective.

About Rexford Industrial
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand, lowest supply market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of December 31, 2024, Rexford Industrial's high-quality, irreplaceable portfolio comprised 425 properties with approximately 50.8 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit www.rexfordindustrial.com.

Contact:
Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com 

View original content:https://www.prnewswire.com/news-releases/rexford-industrial-announces-chairman-richard-ziman-to-retire-following-annual-meeting-302428056.html

SOURCE Rexford Industrial Realty, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is Richard Ziman retiring as Chairman of Rexford Industrial (REXR)?

Richard Ziman will retire following Rexford Industrial's Annual Meeting of Stockholders on June 3, 2025.

Who will replace Richard Ziman as Chairman of Rexford Industrial (REXR)?

Tyler Rose, current lead independent director, is approved to serve as the new Chairman, subject to Annual Meeting results.

What growth opportunities does Rexford Industrial (REXR) highlight for investors?

The company emphasizes substantial embedded NOI growth opportunities and focus on driving long-term shareholder value.

What is Rexford Industrial's (REXR) main business focus?

Rexford Industrial is a REIT focused on investing in and operating industrial properties throughout infill Southern California.