Franklin Street Properties Corp. (the "Company" or "FSP") (NYSE MKT: FSP) announced today that Barbara J. Fournier has decided that, effective March 31, 2015, she will retire from FSP and resign her positions as the Company’s Executive Vice President, Chief Operating Officer, Treasurer and Secretary. In addition, Ms. Fournier has decided that she will not stand for re-election to the Board of Directors upon the conclusion of her term as a Class II director at the 2015 annual meeting of stockholders. Ms. Fournier is one of the Company’s original founders and has served on the Board of Directors since 2002.
George J. Carter, Chairman and Chief Executive Officer, said, “Since our founding in 1996, Barbara has contributed greatly to the strategic decisions that helped us achieve our many successes. She is consistently engaged in all the key decisions and operations of FSP: her advice and counsel will be greatly missed. We will miss Barbara upon her retirement and value her years of service greatly.”
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP’s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes.
To learn more about FSP please visit our website at www.franklinstreetproperties.com.
Contacts:
John Demeritt, 877-686-9496
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