RALEIGH, NC--(Marketwired - Aug 11, 2014) - Highwoods Properties, Inc. (
Ed Fritsch, President and CEO of Highwoods, stated, "Terry has been an exceptional contributor to the Highwoods senior leadership team as our CFO for the past 11 years. I know I speak on behalf of the entire Highwoods family when I say that it has been our privilege to work alongside Terry as he finishes his long and successful professional career. His mark on Highwoods will always be held in the highest regard.
"We are extremely fortunate to have Mark Mulhern become our new chief financial officer and member of our senior leadership team. With a strong and broad finance background, stapled together with having served on our Board of Directors, Mark is an excellent executive for the role. He is fully supportive of our Company's culture and will continue Terry's disciplined and conservative stewardship of our solid balance sheet, accounting practices and financial systems. We expect a seamless transition."
Mulhern joined Exco as executive vice president and chief financial officer in April 2013. Prior to Exco, he served as senior vice president and chief financial officer of Progress Energy, Inc. from September 2008 until its merger with Duke Energy Corporation (
Mulhern is a certified public accountant, a certified management accountant and a certified internal auditor. He is a graduate of St. Bonaventure University and resides with his wife and four children in Raleigh.
Mulhern has served on the Company's Board of Directors since January 2012. Mulhern will step down as a director prior to joining the Company. The Board of Directors will be reduced from eight to seven and Charles A. Anderson, one of the Company's independent directors, will replace Mulhern as a member of the audit committee.
About Highwoods Properties
Highwoods Properties, headquartered in Raleigh, North Carolina, is a publicly-traded (