2022-01-18 20:37:46 WSR Whitestone REIT
01/18/22 01/1820:37 01/18/2220:37 | Whitestone REIT terminates CEO James Mastandrea for causeWhitestone REIT "announced that its board has appointed Dave Holeman as CEO of the company, effective immediately. Mr. Holeman's appointment follows the Board's decision to terminate James Mastandrea's employment as the company's CEO for cause, effective immediately. Mr. Mastandrea was also removed as Chairman of the Board, following his termination for cause, and David Taylor, an independent Trustee, was appointed Chairman of the Board. The Board's decision was made following an independent internal investigation, which found Mr. Mastandrea's conduct to be in violation of his employment agreement and inconsistent with Company standards and the responsibilities of the CEO. Mr. Mastandrea's termination is not related to Whitestone's operating performance, financial condition or financial reporting." |
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