Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the
“Company”), one of the nation’s largest owners and operators of
grocery-anchored neighborhood shopping centers, today announced
that its Board of Directors (the “Board”) has appointed Anthony
“Tony” Terry to serve as an independent director, effective October
30, 2023.
Jeff Edison, Chairman and Chief Executive
Officer of PECO stated: “We are delighted to welcome Tony to PECO’s
Board. With more than three decades of public company business
experience working with senior management and boards to drive
growth and innovation, Tony brings a proven track record of
substantial accomplishment in strategic planning, corporate and
operational finance, regulatory matters and capital
allocation."
Mr. Terry currently serves as executive vice
president and chief financial officer for Marriott Vacations
Worldwide Corporation (NYSE: VAC), a leading global vacation
company that offers vacation ownership, exchange, rental and resort
and property management. As CFO at VAC, Mr. Terry leads the global
finance and accounting organization while partnering with VAC’s
business executives to provide financial support and a strategic
perspective to drive financial results. He also oversees the
development and feasibility functions for VAC. Mr. Terry works with
the strategic council to develop financial and operational business
strategies that maximize profitability and growth for VAC. Mr.
Terry has more than 26 years with VAC and extensive experience in
strategic planning, organizational optimization and financial
analysis. He has held numerous roles of increasing responsibility,
including leadership roles in accounting, finance, new product
development, brand management, product supply management, strategic
planning, M&A, investor relations and capital markets. Prior to
VAC, Mr. Terry worked as a senior auditor at The Walt Disney
Company and an audit senior at Arthur Andersen LLP. As previously
announced by VAC, Mr. Terry will retire from VAC at the end of this
month as he pursues board opportunities and plans to spend more
time with his family.
Mr. Terry holds a Bachelor of Science degree in
Accounting from Florida State University. He has attended the
Wharton Business School Executive Development Program, Marriott
International Lodging Leadership and Executive Education Program,
and the Dr. Michael Hammer Reengineering Certification Program. He
has previously served on the Board of Directors for INROADS of
Central Florida, the Jason Beaird Memorial Foundation and the City
of Orlando Audit Board, serving his last year there as Chairman.
Mr. Terry is currently on the Board of directors of the American
Resort Development Association and is a member of the Advisory
Committee for the Department of Finance at the University of
Central Florida.
In determining that he should serve as a
director, the Board considered Mr. Terry’s public company
expertise, corporate and operational finance expertise, strategic
planning expertise, business development expertise, integrity,
judgment and leadership skills.
Connect with PECO: For
additional information, please visit
https://www.phillipsedison.com/
Follow PECO on:Twitter at
https://twitter.com/PhillipsEdison Facebook at
https://www.facebook.com/phillipsedison.co Instagram at
https://www.instagram.com/phillips.edison/; and Find PECO on
LinkedIn at
https://www.linkedin.com/company/phillipsedison&company
About Phillips Edison &
CompanyPhillips Edison & Company, Inc. (“PECO”) is one
of the nation’s largest owners and operators of omni-channel
grocery-anchored shopping centers. Founded in 1991, PECO has
generated strong results through its vertically-integrated
operating platform and national footprint of well-occupied shopping
centers. PECO’s centers feature a mix of national and regional
retailers providing necessity-based goods and services in
fundamentally strong markets throughout the United States. PECO’s
top grocery anchors include Kroger, Publix, Albertsons and Ahold
Delhaize. As of June 30, 2023, PECO managed 294 shopping centers,
including 274 wholly-owned centers comprising 31.4 million square
feet across 31 states and 20 shopping centers owned in one
institutional joint venture. PECO is exclusively focused on
creating great omni-channel, grocery-anchored shopping experiences
and improving communities, one neighborhood shopping center at a
time.
PECO uses, and intends to continue to use, its
Investors website, which can be found at
https://investors.phillipsedison.com, as a means of disclosing
material nonpublic information and for complying with its
disclosure obligations under Regulation FD.
Forward-Looking StatementsThis
press release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements can generally be identified
by the Company’s use of forward-looking terminology such as “may,”
“will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,”
“continue,” “seek,” “objective,” “goal,” “strategy,” “plan,”
“focus,” “priority,” “should,” “could,” “potential,” “possible,”
“look forward,” “optimistic,” or other similar words. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Such statements are subject to known and unknown risks and
uncertainties, which could cause actual results to differ
materially from those projected or anticipated, including the risk
factors and other risks and uncertainties described in the
Company’s 2022 Annual Report on Form 10-K, filed with the SEC on
February 21, 2023, as updated from time to time in the Company’s
periodic and/or current reports filed with the SEC, which are
accessible on the SEC’s website at www.sec.gov.
Except as required by law, the Company does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
Investors:Kimberly Green, Head
of Investor Relations (513) 692-3399, kgreen@phillipsedison.com
Media:
Cherilyn Megill, Chief Marketing Officer (801)
415-4373, cmegill@phillipsedison.com
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