– USA, AZ – STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today the appointment of Einar A. Seadler to its Board of Directors, effective February 18, 2016. Mr. Seadler takes the seat vacated by Kenneth Liang, who resigned from the Board of Directors on February 18, 2016 as a result of Oaktree Capital Management, L.P.’s obligation to reduce the number of its designated directors on the Company’s Board to reflect the reduction of its level of ownership of the Company’s common stock. Mr. Seadler will serve on the Company’s Nominating and Corporate Governance Committee.
Mr. Seadler is currently a managing director of Accenture Strategy, an operating unit of Accenture PLC (NYSE: ACN), which he joined in 2008. His responsibilities include advising senior executives of Fortune 500 companies on increasing shareholder value, primarily in the consumer, retail, fast food dining, services, technology, industrial, infrastructure and governmental sectors. Previously, he had served in similar roles with McKinsey & Company’s Operations Strategy Practice, advising Fortune 500 senior executives in business and operational strategies to improve financial performance. Mr. Seadler has also served in senior executive roles in telecommunications and retail operations. Mr. Seadler began his career as a United States Army Infantry officer in various command and staff assignments and served as an associate professor at the United States Military Academy at West Point. Mr. Seadler is a graduate of the United States Military Academy at West Point and received a Master of Science degree from Cornell University.
“Einar has a wide breadth of business experience and his operational and strategic skills will be both additive to our diverse Board and a true benefit to STORE,” said Christopher Volk, Chief Executive Officer. “We are delighted to welcome him as part of the important transition to a plurality of seats held by independent directors and management.”
About STORE Capital
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in over 1,300 property locations, substantially all of which are profit centers, in 46 states.
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