The office and industrial real estate investment trust (REIT)
Duke Realty Corporation
) - announced the decision of its Chief Financial Officer (CFO),
Christie B. Kelly to quit her post, with effect from May 17,
2013. Consequently, the company declared Mark A. Denien as her
Kelly is parting with Duke Realty to join
Jones Lang LaSalle
) - another REIT - as the CFO, with effect from Jul 1, 2013.
Kelly will replace the company's previous CFO, Lauralee
Mark A. Denien, who is currently serving Duke Realty as Senior
Vice President (VP) and Chief Accounting Officer, joined the
company in 2005. Prior to joining Duke Realty, Denien worked at
KMPG for 16 years, overseeing the real estate practices.
With his vast know-how and expertise in the real estate
industry, Denien can be easily regarded as a veteran of the
sector. We expect the company's successful trajectory to gain
further upside from his expert guidance in the new post.
On the other hand, Jones Lang's management is confident in its
appointment of Kelly, considering her exhaustive proficiency in
the real estate domain. They expect Kelly's financial and
operational skills as well as international experience to boost
bottom-line growth and thus benefit the company's clients and
Notably, Kelly held various executive positions at several top
companies in her over 25-year career. On previous occasions, she
had served Lehman Brothers as Senior VP, Global Real Estate. She
also spent a large part of her career at
General Electric Company
), holding numerous domestic and global leadership roles.
Currently, Duke Realty and Jones Lang both carry a Zacks Rank
#3 (Hold). Better performing REITs include
Host Hotels & Resorts, Inc.
) carrying a Zacks Rank #2 (Buy).
DUKE REALTY CP (DRE): Free Stock Analysis
GENL ELECTRIC (GE): Free Stock Analysis
HOST HOTEL&RSRT (HST): Free Stock Analysis
JONES LANG LASL (JLL): Free Stock Analysis
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