Camden Property Trust (NYSE:CPT) has announced some significant executive changes in a press release dated April 17, 2024. D. Keith Oden, who was previously the Executive Vice Chairman of the Board and President, has been appointed as the Executive Vice Chairman of the Board. At the same time, Alex J. Jessett, who previously held the position of Executive Vice President-Chief Financial Officer, has been elevated to the role of President and Chief Financial Officer.
Mr. Oden will maintain his strategic leadership role and continue to communicate and implement the company’s mission. Mr. Jessett will now report to Mr. Oden and will be responsible for overseeing the company’s financial, legal, real estate investment, construction-related functions, as well as the operational functions.
Furthermore, the Board of Trust Managers has also appointed Ben Fraker from Vice President-Finance and Treasurer to Senior Vice President-Finance and Treasurer.
According to Richard J. Campo, Camden’s Chairman and CEO, these changes are part of good corporate governance and long-term succession planning and recognize Alex’s long-term contributions to Camden’s success.
These executive changes indicate a significant shift in the company's leadership structure. It will be interesting to see how these changes will impact the company's performance in the upcoming quarters. Today the company's shares have moved -0.1% to a price of $95.23. For more information, read the company's full 8-K submission here.
