– USA, MA – Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced the election of June Youngs to its Board as an Independent Trustee, effective immediately, bringing the Board to seven Trustees, with 71% Independent Trustees, 29% women and 14% members of underrepresented communities.
“The other trustees join me in welcoming June to the ILPT Board. June has more than 30 years of experience in supply chain management and corporate logistics across multiple industries and a range of Fortune 500 companies, including at CVS where she was responsible for half of the company’s distribution network. The ILPT Board gains significant logistical operating expertise with June’s addition and we look forward to benefitting from her insight and experience.” said Board Chair, Adam Portnoy.
About June S. Youngs
June Youngs recently retired as VP of Corporate Logistics for CVS Health, where she was responsible for all aspects of corporate logistics, including planning, budgeting and analysis, distribution services, logistics quality, compliance oversight, industrial engineering, continuous improvement, and supply chain transformation. Previously, Ms. Youngs served as VP of Distribution Operations, responsible for oversight of Distribution Center Operations for nearly 4,000 CVS Health retail locations, as well as nine distribution centers. Before joining CVS in 2014, Ms. Youngs was the Director of North American Supply Chain for Ocean Spray Cranberries, responsible for the planning, implementation, and optimization of all activities required for the delivery of raw materials through finished products. Earlier in her career, Ms. Youngs served as SVP of Global Supply Chain and Logistics for Hasbro and as Director of Transportation and Distribution Services for Nabisco.
Ms. Youngs is on the board of visitors of Northeastern University’s D’Amore-McKim School of Business and served on the Supply Chain Advisory Boards for both Northeastern University and the University of Rhode Island. Ms. Youngs is a past Vice-Chair and Board Member of the New England Chapter of the National Industrial Transportation League and the Council of Supply Chain Management Professionals. Ms. Youngs also served on the CVS Health Diversity Management Leadership Council, which is primarily responsible for leading, championing, and executing the company’s Strategic Diversity Management strategy.
An expert in the logistics industry listed in the Who’s Who of American Women, Ms. Youngs was named one of the Top 20 Logistics Professionals in 2000 and received the “Women of Influence in the Northeast” award from the Griffin Report of Food Marketing in 2007. Ms. Youngs has been featured in Chief Logistics Officer Magazine and was the first female chairperson of the National Industrial Transportation League in its 90-year history.
About Industrial Logistics Properties Trust
Industrial Logistics Properties Trust is a real estate investment trust, or REIT focused on owning and leasing high-quality distribution and logistics properties that serve the growing needs of e-commerce. As of December 31, 2021, ILPT’s portfolio consisted of 288 properties containing 34 million rentable square feet in 31 states. More than 70% of ILPT’s annual rental revenues are derived from investment-grade tenants, tenants that are subsidiaries of investment-grade rated entities, or Hawaii land leases. On February 25, 2022, ILPT closed its acquisition of Monmouth Real Estate Investment Corporation, adding 126 Class A, single-tenant, net-leased, e-commerce focused industrial properties containing over 26 million square feet of space. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company. ILPT is headquartered in Newton, MA.
For more information: https://www.ilptreit.com/home/default.aspx
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.