Healthcare Realty became the largest MOB REIT under his leadership
By John B. Mugford
The nation’s largest owner of medical outpatient buildings (MOBs) is looking for a new leader.
On Nov. 12, Healthcare Realty Trust Inc. (NYSE: HR) announced the resignation of Todd J. Meredith, the president and CEO since 2016 and a 23-year employee of the firm.
According to a news release from the publicly traded real estate investment trust (REIT), Mr. Meredith will “step down as (president and CEO) and as a member of the board of directors, effective immediately.” The board appointed Constance “Connie” Moore as the interim president and CEO. Ms. Moore is a current member of the HR board and the former president and CEO of San Franscisco-based BRE Properties Inc. (NYSE: BRE), an apartment management firm.
The news release indicated that the HR board has formed a committee to oversee a search for a new, permanent president and CEO, and it intends to engage an executive search firm to assist in the process.
“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,” Knox Singleton, HR’s chairman of the board, said in the news release. “We wish him well in his future endeavors.”
When HREI™ asked HR to explain Mr. Meredith’s seemingly abrupt departure, a company spokesperson responded:
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