ESCONDIDO, Calif. — Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), today announced that its Board of Directors has elected Michael D. McKee as its new Non-Executive Chairman, effective February 21, 2012. Donald R. Cameron, the Company’s current Chairman, has announced he will retire from the Board of Directors, effective at the Board’s annual meeting in May 2012.
Michael D. McKee currently serves as the Chief Executive Officer of the US business of Bentall Kennedy, L.P., a real estate investment advisor with $27 billion of assets under management. Prior to joining Bentall Kennedy in 2011, Mr. McKee was Vice Chairman of the Board at The Irvine Company, from 1999 to 2008, and also served as Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer from 2001 to 2008. Prior to joining The Irvine Company in 1994, he was a partner at the law firm of Latham Watkins.
Commenting on Mr. McKee’s election as Board Chairman, Tom A. Lewis, Vice Chairman and Chief Executive Officer, stated, “As a founding Board Member with 17 years of experience with us, Mike has been a leader and steady voice during our tenure as a public company. During his Board tenure, he has chaired our Governance and Compensation Committees, and his corporate, real estate and legal background provide him with the experience and skills to fill this important new role as Chairman. I look forward to working closely with Mike.”
Article source: http://www.sunherald.com/2012/02/21/3767509/realty-income-names-michael-d.html