PECO - Phillips Edison & Company Announces Devin Murphy to Step Down as President; Bob Myers Promoted to President; Joe Schlosser Promoted to Chief Operating Officer | Benzinga
CINCINNATI, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO" or the "Company"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that Devin Murphy will step down as President effective December 31, 2023. Effective January 1, 2024, Bob Myers, currently the Company's Chief Operating Officer and Executive Vice President, will become President, and Joe Schlosser, currently the Company's Senior Vice President of Portfolio Management, will become Chief Operating Officer and Executive Vice President. Today's announcement is the culmination of the Company's long-standing succession plan.
Jeff Edison, Chairman and Chief Executive Officer stated, "I would like to extend our sincere gratitude to Devin, who has worked side-by-side with me to transform PECO into one of the largest strategic owners and operators of grocery-anchored neighborhood shopping centers. In addition, Bob and Joe are extremely talented, proven leaders and team players who have been critical to the consistent strength of our operating performance. They have played an important role throughout the majority of PECO's 30-year history, and I am confident they will continue to scale the Company and the portfolio from here. I look forward to continuing to partner with them in delivering long-term growth and value creation."
Mr. Murphy, who joined PECO in 2013 and ...