HOUSTON--(BUSINESS WIRE)--
Camden Property Trust (NYSE: CPT) today announced the appointment of
Alexander J. Jessett as Chief Financial Officer effective May 9, 2013.
Mr. Jessett succeeds Dennis M. Steen, who is retiring after serving as
Camden’s Chief Financial Officer since 2003. Mr. Steen will remain with
the Company through July 1, 2013 to facilitate the transition.
Mr. Jessett joined Camden’s Finance department in 1999 and has served as
Senior Vice President – Finance and Treasurer since 2009. In this
capacity, Mr. Jessett was responsible for capital markets activities,
corporate finance, strategic planning, tax compliance, treasury, and
cash management. Mr. Jessett holds a Bachelor of Business Administration
in Finance from the University of Texas at Austin, and a Masters of
Business Administration in Finance from the University of Houston.
“Alex has significant financial and capital markets experience, along
with a proven track record of successful transactions for Camden,” said
Richard J. Campo, Camden’s Chairman and Chief Executive Officer. “These
skills, along with the depth of his knowledge about our Company and our
industry, make him an ideal choice to serve as our next Chief Financial
Officer, and we expect a seamless transition.”
“We are sincerely grateful to Dennis for his valued contributions to
Camden over the past 14 years,” added Mr. Campo. “On behalf of our Board
of Trust Managers and all of our Camden associates, we wish him the very
best in retirement.”
In addition to historical information, this press release contains
forward-looking statements under the federal securities law. These
statements are based on current expectations, estimates and projections
about the industry and markets in which Camden operates, management's
beliefs, and assumptions made by management. Forward-looking statements
are not guarantees of future performance and involve certain risks and
uncertainties which are difficult to predict. Factors which may cause
the Company’s actual results or performance to differ materially from
those contemplated by forward-looking statements are described under the
heading “Risk Factors” in Camden’s Annual Report on Form 10-K and
in other filings with the Securities and Exchange Commission (SEC).
Forward-looking statements made in today’s press release represent
management’s current opinions, and the Company assumes no obligation to
update or supplement these statements because of subsequent events.
Camden Property Trust, an S&P 400 Company, is a real estate company
engaged in the ownership, development, acquisition, management and
disposition of multifamily apartment communities. Camden owns interests
in and operates 192 properties containing 64,835 apartment homes across
the United States. Upon completion of 9 properties under development,
the Company's portfolio will increase to 67,680 apartment homes in 201
properties. Camden was recently named by FORTUNE® Magazine for the sixth
consecutive year as one of the “100 Best Companies to Work For” in
America, ranking #10.
For additional information, please contact Camden’s Investor Relations
Department at (800) 922-6336 or (713) 354-2787 or access our website at www.camdenliving.com.
Camden Property Trust
Kim Callahan, 713-354-2549
Source: Camden Property Trust