Rexford Industrial Welcomes New CFO Michael Fitzmaurice
Rexford Industrial Welcomes New CFO Michael Fitzmaurice
Rexford Industrial Realty, Inc. (REXR), a well-regarded real estate investment trust, proudly announces a significant reshuffling in its leadership. In an exciting update, Michael Fitzmaurice takes on the role of Chief Financial Officer (CFO), while Laura Clark transitions from her previous role as CFO to Chief Operating Officer (COO).
Key Executive Changes at Rexford Industrial
This leadership transition comes as the company aims to strengthen its operational capabilities and financial expertise. Michael Frankel and Howard Schwimmer, the Co-Chief Executive Officers of Rexford, expressed their enthusiasm about Fitzmaurice joining the team, highlighting his strategic approach and results-oriented leadership style.
Laura Clark's Promotion
Laura Clark has been instrumental as CFO for the past four years and her promotion to COO is seen as a move to further capitalize on her skills in driving operational excellence. Her extensive background in managing financial operations will undoubtedly benefit Rexford as it continues on its growth trajectory.
Michael Fitzmaurice's Impressive Background
Fitzmaurice joins Rexford Industrial with an extensive 25 years of experience in the public real estate investment trust (REIT) sector. Most recently, he served as the Executive Vice President and CFO of RPT Realty, where he was pivotal during its merger with Kimco Realty. His previous experience includes vital positions at Retail Properties of America and major firms like General Growth Properties and Equity Office Properties. He holds a B.S. in finance from the University of Illinois at Chicago, which laid the groundwork for his successful career in finance.
Rexford Industrial's Vision and Market Position
Rexford Industrial focuses on investing, managing, and redeveloping properties in industrial markets, particularly in high-demand areas of Southern California. This strategic emphasis makes it a standout player in one of the most prominent industrial markets in the world. With a portfolio of 424 properties encompassing around 50.3 million rentable square feet, Rexford is well-positioned to address the ever-growing demand for industrial real estate.
Future Growth Prospects
The appointment of Fitzmaurice as CFO aligns with the company's vision of leveraging its unique asset management capabilities to foster growth. With the leadership changes, Rexford Industrial is gearing up to enhance its operational segments and drive substantial value creation amidst a competitive market.
Commitment to Excellence and Community
Rexford Industrial is dedicated to delivering high-quality management and development services, making it an attractive choice for a stable and diverse tenant base. The company’s operational strategies place immense importance on sustainability and community engagement, ensuring that it not only thrives as a business but also contributes positively to the surrounding environments.
Frequently Asked Questions
What are the key changes in Rexford Industrial's leadership?
Michael Fitzmaurice has been appointed as CFO, while Laura Clark has been promoted to COO.
What is Michael Fitzmaurice's professional background?
Michael Fitzmaurice has 25 years of experience in the public REIT sector, with a previous role as CFO of RPT Realty.
How does Laura Clark's promotion benefit Rexford Industrial?
Laura Clark's promotion allows her to leverage her financial expertise to enhance operational strategies and company growth.
What markets does Rexford Industrial focus on?
Rexford Industrial primarily invests and operates in the industrial real estate market throughout Southern California.
How large is Rexford Industrial's portfolio?
The company manages a portfolio of 424 properties with approximately 50.3 million rentable square feet.
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