Liberty Property Trust Announces Retirement of George J. Alburger, Jr., Christopher J. Papa to Join Liberty as Chief Financi...
09 Maggio 2016 - 11:00PM
Liberty Property Trust (NYSE:LPT) announced today that George J.
Alburger, Jr. will retire from his position as executive vice
president and chief financial officer, and Christopher J. Papa,
currently executive vice president and chief financial officer at
Post Properties, Inc. (NYSE:PPS) has been appointed to the same
position at Liberty, both effective June 1, 2016. Mr. Alburger will
remain with Liberty in an advisory capacity and to assist with the
transition until the end of the year.
Mr. Alburger has served as Liberty’s CFO since
1995. With respect to this announcement, Liberty CEO Bill Hankowsky
said: “For two decades, George’s name has been synonymous with
financial acumen and integrity. His efforts have created our
strong financial position, but equally important, his passion and
integrity have been imprinted on Liberty’s culture. It has been a
privilege for me, the board of trustees, and the entire Liberty
team to have worked with George, and we all thank him for his
exceptional contributions.”
Mr. Papa has served as EVP and CFO at Post
Properties since 2003, and has been responsible for overseeing
treasury and finance, investor relations, accounting, tax,
information technology, human resources and internal audit. Prior
to joining the Post corporate leadership team, Chris advised and
served clients in the real estate, financial services, healthcare,
and manufacturing industries as audit partner at Arthur Andersen
LLP and BDO Seidman, LLP, and served as CFO of a privately held
manufacturing company.
Mr. Papa is a Certified Public Accountant. He is a
member of the National Association of Real Estate Investment
Trusts, Financial Executives International, the AICPA, and the New
York State Society of CPAs. He holds a BS in Accounting from
Clemson University.
“Chris joins Liberty at an exciting time, when the
transformative aspects of our portfolio repositioning strategy are
just beginning to be realized,” commented Mr. Hankowsky, “He brings
to us a wealth of knowledge and relevant experience in our
industry, and the entire Liberty team looks forward to working with
him.”
About the CompanyLiberty Property Trust is a
leader in commercial real estate, serving customers in the United
States and United Kingdom, through the development, acquisition,
ownership and management of superior office and industrial
properties. Liberty's 103 million square foot portfolio includes
683 properties which provide office, distribution and light
manufacturing facilities to 1,600 tenants.
Inquiries: Jeanne Leonard, Liberty Property Trust, 610.648.1704
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