Phillips Edison & Company (PECO) has issued an update.
Phillips Edison & Company, Inc. has expanded its board, appointing former President Devin Murphy as a new member effective July 2, 2024. With a wealth of experience from his previous roles in investment banking, including senior positions at Morgan Stanley and Deutsche Bank, and leadership in various real estate investment trusts, Murphy brings extensive expertise in public company management, finance, and strategic planning. Despite not qualifying as an “independent” director due to his recent company involvement, Murphy’s appointment, which is to last until the 2025 annual stockholders’ meeting, is set to align with the compensation and benefits of other non-management directors.
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