A major Los Angeles office space ownership firm named a shopping mall executive as its new CEO in a high-profile move as corporate workplaces face weaker demand across the country.
Kilroy Realty hired Angela Aman to replace longtime CEO John Kilroy effective Jan. 22, according to a Kilroy statement. Aman now serves as president, chief financial officer and treasurer of New York-based shopping mall owner Brixmor Property Group.
John Kilroy is expected to serve as CEO until Jan. 21 after announcing plans earlier this year to step down, according to the statement. Korn Ferry was hired as the consultant in the search. John Kilroy plans to serve as an adviser to the company through the end of 2024 and will remain as the company's board chair through his current term, according to the statement. Kilroy had served nearly 30 years as chief executive.
Kilroy was founded in 1996 and went public a year later. The company, which as a roughly 16.3 million-square-foot portfolio, owns and develops office and life science space in San Diego, Los Angeles, San Francisco, the Pacific Northwest and Austin, Texas. Kilroy also owns more than 1,000 residential units in Hollywood and San Diego.
Aman said she wants to "continue to identify new opportunities for growth" for Kilroy as she steps into her new role, according to the statement. Aman joined Brixmor in 2016 and previously served as an executive at Starwood Retail Partners and Retail Properties of America.
Meanwhile, Brixmor plans to name Steven Gallagher, the company's senior vice president and chief accounting officer, as interim chief financial officer as Brixmor evaluates internal and external candidates for its new CFO, according to a Brixmor statement.
"Angela has been a trusted and valuable partner as we transformed the company and built a best-in-class platform," Brixmor chief executive officer James Taylor said in the statement. "She leaves us well positioned to continue to drive growth, and I'm grateful for her significant, lasting contributions."