Centerspace Welcomes Board Changes, Strengthening Future Strategy
Centerspace Announces Board of Trustees Changes
Centerspace (NYSE: CSR) recently unveiled important changes to its Board of Trustees that reflect the company's ongoing commitment to excellence and strategic growth. As part of this transition, Jeff Caira will retire from his position as a trustee, as well as from his role as chair of the Nominating and Governance Committee and member of the Audit Committee. His retirement will take effect at the conclusion of his annual term.
Leadership Reflections on Jeff Caira's Tenure
Board Chair John Schissel expressed his gratitude towards Jeff, stating, "Jeff has provided consistent and invaluable leadership to the Company since his appointment in 2015. We greatly appreciate his contributions, and his guidance through the Company’s transition to a pure-play multifamily focus has established a solid foundation for operational excellence and growth moving forward."
Key Contributions to Centerspace
Anne Olson, the President and Chief Executive Officer of Centerspace, echoed these sentiments. She noted, "During his tenure, Jeff served as Board Chair, chair of the Nominating and Governance Committee, and a member of the Audit Committee. His unwavering commitment to improvement has strengthened our management team, Board, and the overall Company in profound ways."
Recent Board Refresh Initiatives
Centerspace has proactively refreshed its Board of Trustees by welcoming new members, including one in January and another in July of the preceding year. This strategic decision follows the planned retirement of a trustee, reinforcing the company's forward-looking approach to governance.
Commitment to Strategic Growth
This ongoing evolution of the Board highlights Centerspace's dedication to enhancing corporate governance and ensuring robust strategic direction. With these changes, the company is well-positioned to tackle future challenges while leveraging opportunities in the multifamily housing sector.
About Centerspace
Centerspace is an established owner and operator of apartment communities that prioritize providing great homes through integrity and a commitment to serving others. Since its founding in 1970, Centerspace has grown to own 71 apartment communities comprising 13,012 homes across several states. Notably, the company has a strong presence in areas like Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.
Recognition and Workplace Culture
In a testament to its positive workplace culture, Centerspace was recognized as a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune, emphasizing its commitment to employee satisfaction and community engagement.
Commitment to Communication
The management team at Centerspace encourages transparency and communication, inviting anyone interested in further details to reach out. For inquiries related to investor relations, Josh Klaetsch is available via phone at (952) 401-6600, ensuring that stakeholders remain informed and engaged.
Frequently Asked Questions
What positions is Jeff Caira retiring from?
Jeff Caira is retiring as a trustee, chair of the Nominating and Governance Committee, and member of the Audit Committee.
Who commented on Jeff Caira's contributions?
Both Board Chair John Schissel and CEO Anne Olson acknowledged Jeff's significant contributions and leadership during his tenure.
What has Centerspace recently done regarding its Board?
Centerspace has refreshed its Board by adding new members and planning for the retirement of a trustee, demonstrating its commitment to evolving governance.
How is Centerspace recognized in workplace culture?
Centerspace was named a top workplace by the Minneapolis Star Tribune for five consecutive years, reflecting its positive work environment.
Who can I contact for investor relations inquiries?
For investor relations inquiries, you can contact Josh Klaetsch at (952) 401-6600.
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