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National Retail Properties, Inc. Message Board

  • catspaw33129 catspaw33129 Feb 17, 2004 10:08 AM Flag

    New CEO

    Commercial Net Lease Realty, Inc. Appoints New Chief Executive Officer; Industry Veteran Joins Leadership Team
    Feb. 17, 2004--The Board of Directors of Commercial Net Lease Realty, Inc. (NYSE:NNN), has elected Craig Macnab as Chief Executive Officer, effective February 16, 2004. Mr. Macnab will succeed Mr. James M. Seneff, Jr., who has served as CEO since 1992. Mr. Seneff will continue to serve as Chairman of the Board.
    "We are extremely pleased to have someone of Craig's caliber join the company, said Mr. Seneff. "His background and experience are well suited to this position and he will be a welcome addition to our leadership team as we build on our success over the last 12 years."
    Previously, Mr. Macnab was with JDN Realty Corporation in Atlanta, Georgia, from April 2000 to 2003, where he served as CEO and was successful in implementing a multi-year strategy to generate shareholder value which culminated in the merger of JDN with Developers Diversified Realty last year. With over 20 years of industry experience, his career has included key executive level positions in both real estate and investment banking.
    "I am excited about the opportunity with Commercial Net Lease Realty and their record of solid financial performance. Helped by their strong existing team and the company's highly respected reputation in the industry, I look forward to building on this record of success," said Mr. Macnab.

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