– USA, NY – LXP Industrial Trust (NYSE: LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced the appointment of Derrick Johnson to its Board as an Independent Trustee, effective immediately, increasing the Board to nine trustees, of which seven are independent.
“We are pleased to have Derrick Johnson join our Board of Trustees,” said Chairman and CEO, Wilson Eglin. “Derrick’s appointment reflects the Board’s commitment to continual refreshment and ensuring its members have experienced, diverse and independent perspectives. His background and knowledge of supply chain issues, logistics and operations in a company with a large platform like UPS aligns well with our warehouse and distribution focus. We look forward to working with Derrick and believe his insights will be valuable as we continue to execute on our business plan to maximize shareholder value.”
About Derrick Johnson
Derrick Johnson, SVP of Operations at Agiliti, brings extensive experience across strategy, marketing, business development, finance and operations within organizations ranging from startups to Fortune 50 corporations. Prior to joining Agiliti, Mr. Johnson spent 20 years with United Parcel Service in a variety of strategic and operational roles, including as President of the Southeast.
About LXP Industrial Trust
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) focused on single-tenant warehouse and distribution investments across the United States. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions.
For more information: https://www.lxp.com/
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