SAN FRANCISCO, CA /PRNewswire-FirstCall/ -- BRE Properties, Inc. (NYSE:BRE) has appointed Henry L. Hirvela (top left photo) executive vice president and chief financial officer, effective May 1, 2008.
Hirvela succeeds Edward F. Lange, Jr., (photo at left below) who was promoted to chief operating officer in 2007. Hirvela, 56, will be responsible for all corporate-related accounting, treasury and finance activities; investor relations; capital formation; internal audit and Sarbanes-Oxley compliance; and information technology services.
"We are pleased to welcome Henry Hirvela to BRE's executive team. Henry's experience and skill set are well-matched with our corporate objectives, specifically our ongoing efforts to create an enterprise-wide shared-services model," said BRE President and Chief Executive Officer Constance B. Moore (top right photo).
"In his past CFO positions, Henry successfully managed complex financial environments, leading integration efforts to central
ize, automate and outsource core business processes. His abilities will complement the executive team and support our efforts to enhance company-wide efficiencies and productivity, and help scale the organization."
ize, automate and outsource core business processes. His abilities will complement the executive team and support our efforts to enhance company-wide efficiencies and productivity, and help scale the organization."Hirvela has more than 30 years of experience in corporate finance and operations in the health care, waste management, energy and banking industries. Prior to BRE, he served as vice president, chief financial officer of VistaCare, Inc., a publicly owned health care services company.
He spent seven years as vice president, treasurer of Browning-Ferris Industries, Inc., which was acquired by Allied Waste Industries, Inc., for which he served as vice president, chief financial officer for four years.
He holds a bachelor's degree from the United States International University in San Diego, and earned an M.B.A. from the Johnson Graduate School of Management at Cornell University.
About BRE Properties
BRE Properties -- a real estate investment trust -- develops, acquires and manages apartment communities convenient to its residents'
work, shopping, entertainment and transit in supply-constrained Western U.S. markets. BRE directly owns and operates 77 apartment communities totaling 21,808 units in California, Arizona and Washington. The company currently has 10 other properties in various stages of development and construction, totaling 3,125 units, and joint venture interests in 13 additional apartment communities, totaling 4,080 units. (Property data as of 12/31/07.)
work, shopping, entertainment and transit in supply-constrained Western U.S. markets. BRE directly owns and operates 77 apartment communities totaling 21,808 units in California, Arizona and Washington. The company currently has 10 other properties in various stages of development and construction, totaling 3,125 units, and joint venture interests in 13 additional apartment communities, totaling 4,080 units. (Property data as of 12/31/07.)CONTACT:
Edward F. Lange, Jr.,
+1-415-445-6559, or
Media
Thomas E. Mierzwinski,
+1-415-445-6525, both of BRE Properties, Inc.
Web site: http://www.breproperties.com/
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