STAG Industrial Announces Departure Of Chief Financial Officer And Appointment Of New Chief Financial Officer

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Jan 26, 2016, 09:25 ET

BOSTON, Jan. 26, 2016 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that it and Geoffrey G. Jervis, the Company's Chief Financial Officer, Executive Vice President and Treasurer, mutually agreed that Mr. Jervis's employment with the Company would terminate so that Mr. Jervis could pursue other opportunities.

"On behalf of the board of directors and management, I want to thank Geoff for his invaluable contributions to STAG during his tenure. We wish him continued success in his future endeavors," said Benjamin S. Butcher, Chief Executive Officer of the Company.

The Company also announced the appointment of William R. Crooker as Chief Financial Officer, Executive Vice President and Treasurer, effective immediately.

"Bill brings both continuity and demonstrated competence to the CFO role. He has long been an instrumental member of the STAG team, and we expect a seamless transition. The elevation of Bill Crooker to CFO is a demonstration of the depth of the STAG team," said Mr. Butcher.

Mr. Crooker has most recently served as the Company's Chief Accounting Officer and Senior Vice President of Capital Markets. Prior to the formation of the Company, Mr. Crooker served as the Chief Accounting Officer for the Company's predecessor, STAG Capital Partners, LLC from 2010 to 2011, where he was responsible for the company's accounting, tax, and financial reporting. From 2002 to 2010, Mr. Crooker worked for KPMG LLP in its real estate practice focusing primarily on publicly traded real estate investment trusts. He held various positions with KPMG LLP, including most recently as senior manager. Mr. Crooker is a certified public accountant and received his Bachelor of Science degree in accounting from Bentley University.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust (REIT) focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company's portfolio consists of 291 properties in 38 states with approximately 54.7 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.

SOURCE STAG Industrial, Inc.