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Organizational updates represent holistic operations approach to support future growth
Hudson Pacific Properties, Inc. ("Hudson Pacific") (NYSE: HPP) today announced the hiring of Jeff Stotland as Senior Vice President of Global Studios, and the promotions of Drew Gordon to Executive Vice President of California Office Operations and Andy Wattula to Executive Vice President of Pacific Northwest/Canada Office Operations. The new structure is designed to support a holistic approach to operations across regions and segments as the company prepares for future growth.
"Adding a seasoned executive like Jeff Stotland to Hudson Pacific’s leadership is a huge win and he’ll be a tremendous asset as we further expand our studio platform," said Victor Coleman, Chairman and Chief Executive Officer of Hudson Pacific Properties. "At the same time, we’re elevating two members of our talented executive team, Drew Gordon and Andy Wattula, to take on broader leadership roles within office operations, which will strengthen our regional perspective and create efficiencies as we continue to scale that portfolio."
As Senior Vice President of Global Studios, Stotland will lead the direction, growth and daily operations of Hudson Pacific’s studio portfolio, effective March 8, 2021. Stotland joins Hudson Pacific from Disney, where he served since 2014 as the Vice President of Strategy and Global Development with a focus on the Parks, Experiences and Products segment. In that role, he worked on a variety of new business initiatives, acquisitions, strategic planning, joint venture management and real estate development, both domestically and internationally. Prior to Disney, Stotland held a number of leadership positions in the aerospace and financial services industries.
Gordon, who previously served as Senior Vice President, Northern California, will now oversee operations for the entire California office portfolio, with properties in Los Angeles, San Francisco, and Silicon Valley. He has been with Hudson Pacific since 2011 and was instrumental in smoothly integrating and operating the 8.2 million-square-foot Equity Office Portfolio Hudson Pacific acquired in 2015.
Wattula, previously Senior Vice President, Pacific Northwest, is now responsible for operations of Hudson Pacific’s Vancouver and Seattle office portfolios, having led the latter since he joined the company in 2017. In 2019, he played a significant role in the company’s Bentall Centre acquisition and entry into the Vancouver market. Prior to Hudson Pacific, he held leadership positions at Beacon Capital Partners and Hines.
About Hudson Pacific Properties
Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 20 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Google, Netflix, Riot Games, Square, Uber and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the S&P MidCap 400 Index. For more information visit HudsonPacificProperties.com.
Forward-Looking Statements Regarding Hudson Pacific Properties
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond Hudson Pacific’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect Hudson Pacific’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, Hudson Pacific disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause Hudson Pacific’s future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in Hudson Pacific’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by Hudson Pacific from time to time with the SEC.
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