Boston Properties Announces Richard E. Salomon Will Not Stand for Re-Election in 2010 after 11 Years of Service
Boston Properties, Inc. (NYSE: BXP), a real estate investment
trust, announced today that Richard E. Salomon has decided that he will
not stand for re-election to the Board of Directors upon the conclusion
of his term at the 2010 annual meeting of stockholders in order to
devote more time to his other business interests. Mr. Salomon has served
on the Company’s Board of Directors since November 1998, and he
currently serves as Chairman of the Company’s Compensation Committee.
Mortimer B. Zuckerman, Chairman of the Board of Directors, said, “Rick
joined our Board following our acquisition of Embarcadero Center in
1998. For the past 11 years, he has contributed greatly to the strategic
decisions that helped us achieve our many successes. He was consistently
engaged in all the key decisions of Boston Properties and his advice and
counsel will be missed. We thank him for his years of service.”
Boston Properties is a fully integrated, self-administered and
self-managed real estate investment trust that develops, redevelops,
acquires, manages, operates and owns a diverse portfolio of Class A
office properties and one hotel. The Company is one of the largest
owners and developers of Class A office properties in the United States,
concentrated in five markets – Boston, Midtown Manhattan, Washington,
D.C., San Francisco and Princeton, N.J.
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