National Retail CEO Jay Whitehurst leaves

  • Push-out Score determined
  • After about five years in the position
  • Praise and thanks for Whitehurst
  • Steve Horn taking over
  • Whitehurst said 108 words

(exechange) — Orlando, Florida, January 19, 2022 — Jay Whitehurst, chief executive of National Retail, leaves. As announced by National Retail Properties Inc. in a news release on Wednesday, January 19, 2022, Julian E. (Jay) Whitehurst leaves his post as chief executive officer at the real estate investment trust, after about five years in the role, effective April 28, 2022.

Jay Whitehurst’s duties as CEO will be taken over by Stephen A. (Steve) Horn, currently Chief Operating Officer at National Retail Properties Inc.

“We thoughtfully considered leadership succession”

Jay Whitehurst’s departure from the CEO post is explained as follows. Whitehurst said: “As we thoughtfully considered leadership succession, it was an easy decision for our board to elevate Steve to the CEO role upon my retirement.”

Precise information regarding Jay Whitehurst’s future plans was not immediately available.

“Retire and step down”

National Retail said: “Julian E. (“Jay”) Whitehurst, President and Chief Executive Officer (“CEO”), will retire and step down as a member of the Board of Directors effective April 28, 2022.”

Share price increase since April 2017

The announcement follows an increase in National Retail Properties Inc.’s share price of 5% since April 2017. April 2017 is the month in which Whitehurst’s tenure as CEO began.

In the position of CEO since 2017

Jay Whitehurst became CEO of the Company in 2017.

Whitehurst has served as a director of the Company since February 2017, as CEO of the Company since April 2017, and as President of the Company since May 2006.

He also previously served as Chief Operating Officer of the Company from June 2004 to April 2017, as Executive Vice President of the Company from February 2003 to May 2006, as Secretary of the Company from May 2003 to May 2006, and as General Counsel from 2003 to 2006.

Prior to February 2003, Whitehurst was a shareholder at the law firm of Lowndes, Drosdick, Doster, Kantor & Reed, P.A.

He also serves as a member of the board of directors of InvenTrust Properties, Inc.

Whitehurst is a member of ICSC and Nareit, and serves on the Nareit Advisory Board of Governors.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Jay Whitehurst’s move on a scale of 0 to 10.

exechange reached out to National Retail and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 4.2022 ($).