November 2024- Healthcare Realty Trust Incorporated announced that Todd Meredith will step down as President and Chief Executive Officer and as a member of the Board of Directors, effective immediately. The board has appointed Constance “Connie” Moore, current Healthcare Realty board member and former President and CEO of BRE Properties, Inc., as interim President and CEO, effective immediately.
“On behalf of the board and the Company, I want to thank Todd for his 23 years of dedicated service to Healthcare Realty, eight of which he spent as President and CEO,” said Knox Singleton, Chairman of the Board for Healthcare Realty. “We wish him well in his future endeavors.”
“The Board of Directors of Healthcare Realty is committed to taking actions it believes will drive long-term shareholder value,” said Connie Moore. “I look forward to executing on the Company’s strategic initiatives in my role as interim President and CEO.”
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Mr. Singleton added, “The board remains highly confident in our current strategic direction. Our management team has a tremendous depth of individuals with solid abilities to execute against the Company’s strategic plan. As a group, they offer decades of real estate industry investing, management and operational experience. We are confident in the Company’s trajectory and believe now is the time to seek out new leadership to position the Company for its next chapter of growth to drive long-term value for our shareholders.”
Furthermore, The board has formed a committee to oversee the permanent President and CEO search and intends to engage a leading executive search firm to assist in the process. Additionally, the board has reduced its size from 12 to 11 members.
