Q&A: Braun sees opportunities


By John Mugford

Raymond W. Braun

As far as James W. “Jim” Cogdell is concerned, the newly named chief executive officer (CEO) and president of the company that he founded back in the early 1970s has what it takes to lead the firm, Cogdell Spencer Erdman (NYSE: CSA), to the “next level of growth.”

That new CEO and president is Raymond W. Braun, who recently left his post as the president of another publicly traded healthcare real estate investment trust (REIT), Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN).

The company that Mr. Cogdell founded in 1972 as a small, regional healthcare development firm certainly knows plenty about growth. By 1996, the company had a total enterprise value of about $10 million and 45 employees.

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