BUSINESS WIRE - May 3, 2004
Commercial Net Lease Realty, Inc. (NYSE:NNN), announced today that Gary M. Ralston, President and Chief Operating Officer, has retired effective May 1, 2004. Mr. Ralston has also resigned his position from the company's Board of Directors. Craig Macnab, Chief Executive Officer, has assumed the title of President.
'While it is difficult to leave a company which has been such a big part of my life for almost 15 years, I am grateful for the opportunities I've been presented and proud of the achievements our team has accomplished,' said Mr. Ralston.
'Gary Ralston has been an integral part of the growth of our company from less than $15 million in 1992 to more than $1.25 billion today and we very much appreciate the contributions he has made to Commercial Net Lease Realty,' said James M. Seneff, Jr., Chairman of the Board.
'One of the things that attracted me to Commercial Net Lease Realty was the strong management team and the quality of the balance sheet,' added Craig Macnab, Chief Executive Officer. 'Gary has done a terrific job providing the leadership over the past decade that has brought the company to where it is today.
Futher commentary on the departure of Ralston can be found at the Commercial Property News web site at the link below.
http://www.cpnonline.com/commercialpropertynews/headlines/article_display.jsp?vnu_content_id=1000502609
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