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SOURCE STAG Industrial, Inc.
BOSTON, Nov. 4, 2013 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG), a company focused on the acquisition, ownership, and management of single-tenant industrial properties throughout the United States, announced that it has appointed Virgis W. Colbert as an independent member of its Board of Directors, effective January 1, 2014.
Mr. Colbert, now retired, was Executive Vice President of Miller Brewing Company where he was responsible for plant operations, international operations, brewing, research and quality assurance, engineering, procurement, order production/planning and logistics. He continues to serve as a Senior Advisor to Miller Coors LLC. Mr. Colbert serves as the lead independent director of the Board of Directors of Lorillard, Inc., the third largest manufacturer of cigarettes in the United States. He also serves on the Board of Directors of the National Center for Civil and Human Rights and is the Chairman Emeritus of the Board for the Thurgood Marshall College Fund.. He previously served on the Boards of Directors of Sara Lee/The Hillshire Brands Company, Bank of America Corp., Merrill Lynch & Co., Inc., Delphi Corporation, Stanley Black & Decker, and The Manitowoc Company, Inc.
"We are pleased to announce that Virgis Colbert will join our Board of Directors. We anticipate that the depth of his background in operations and logistics and his experience as a director of large corporations' Boards will provide significant value to our Board as it continues to oversee our rapid growth," commented Ben Butcher, STAG's Chief Executive Officer.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The Company's portfolio consists of 200 properties in 34 states with approximately 35.3 million rentable square feet.
For additional information, please visit the Company's website at www.stagindustrial.com.
This press release, together with other statements and information publicly disseminated by STAG Industrial, Inc. (the "Company"), contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2012, as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
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