CommonWealth REIT Announces Resignation and Election of Trustees
NEWTON, Mass.--(BUSINESS WIRE)--
CommonWealth REIT (NYSE: CWH) today announced that Joseph L. Morea has
replaced Patrick F. Donelan as a CWH Independent Trustee and a member of
CWH's Audit, Compensation, and Nominating and Governance Committees. Mr.
Morea is expected to serve the remainder of Mr. Donelan's term, which is
scheduled to expire at CWH's 2013 annual meeting of shareholders.
Mr. Donelan (age 70) advised the company that the reasons for his
decision to resign were personal and not the result of any disagreement
with the company.
Mr. Morea (age 57) has been Vice Chairman, Managing Director and Head of
US Equity Markets for RBC Capital Markets, an international investment
bank, since 2003. Previously, he had also served as Head of US
Investment Banking for RBC Capital Markets and he had held senior level
positions with UBS, Inc., PaineWebber, Inc. and Smith Barney, Inc.
CommonWealth REIT is a real estate investment trust which primarily owns
office and industrial properties located throughout the United States.
CWH is headquartered in Newton, MA.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
CommonWealth REIT Timothy A. Bonang, 617-796-8222 Vice
President, Investor Relations or Carlynn Finn, 617-796-8222 Senior
Manager, Investor Relations www.cwhreit.com