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| Julian E. ("Jay") Whitehurst |
ORLANDO, FL /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) announced that Julian E. ("Jay") Whitehurst, President and Chief Executive Officer ("CEO"), will retire and step down as a member of the Board of Directors effective April 28, 2022.
Stephen A. ("Steve") Horn, Jr., currently Executive Vice President and Chief Operating Officer, will assume the role of President and CEO as of April 29, 2022.
Stephen A. ("Steve") Horn, Jr
Whitehurst has served as a director of
the company since February 2017, as Chief Executive Officer of the company
since April 2017, and as President of the company since May 2006.
Horn joined the company in July 2003, was appointed Executive Vice President and Chief Acquisition Officer in January 2014 and has served as Chief Operating Officer since August 2020.
Steven D. (Steve) Cosler
Steve Cosler, Chairman of the Board, said, "Jay has been an integral part
of the growth of National Retail Properties over the last 30 years while
serving in a variety of roles. We are grateful for his steady hand as CEO over
the last five years."
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2021, the company owned 3,195 properties in 48 states with a gross leasable area of approximately 33.0 million square feet and with a weighted average remaining lease term of 10.6 years.
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