- Push-out Score determined
- After about four years in the position
- Praise and thanks for Richardson
- Responsibilities redistributed
(exechange) — Pasadena, California, July 8, 2022 — Stephen Richardson, co-chief executive of Alexandria Real, leaves. As announced by Alexandria Real Estate Equities Inc. in a regulatory filing published on Friday, July 8, 2022, Stephen A. Richardson leaves his post as co-chief executive officer at the real estate investment trust that invests in office buildings and laboratories, after about four years in the role, effective July 31, 2022.
Following Stephen Richardson’s departure, the position of Co-Chief Executive Officer will not be filled for the time being. Stephen Richardson’s responsibilities are being redistributed.
“For family and personal reasons”
Stephen Richardson’s departure from the Co-CEO post is explained as follows. Alexandria Real said: “On July 1, 2022, Stephen A. Richardson, Co-Chief Executive Officer of Alexandria Real Estate Equities, Inc. (the “Company”), tendered his resignation from all of his positions with the Company and its subsidiaries, effective July 31, 2022, and notified the Company of his intent to retire from full-time employment and his professional career for family and personal reasons.”
Precise information regarding Stephen Richardson’s future plans was not immediately available.
Share price increase since July 2019
The announcement follows an increase in Alexandria Real Estate Equities Inc.’s share price of 4% since July 2019.
In the position of CEO since 2018
Stephen Richardson became CEO of the Company in 2018.
Stephen A. Richardson has served as Co-Chief Executive Officer since April 2018.
Richardson previously served as the Company’s Chief Operating Officer from October 2011 to April 2018 and as Executive Vice President – Regional Market Director – San Francisco Bay Area from January 2016 to April 2018.
From October 2011 to December 2015, Richardson served as the Company’s Regional Market Director – San Francisco Bay Area.
From January 2011 to October 2011, Richardson served as the Company’s Executive Vice President – Regional Market Director – San Francisco Bay Area, and from July 2005 to December 2010, he served as Senior Vice President – Regional Market Director – San Francisco Bay Area, where he was responsible for the management of the Company’s San Francisco Bay Area region asset base and operations.
From February 2000 to July 2005, Richardson served the Company as a Vice President, Portfolio Services.
Prior to joining the Company, he served as a Director of CellNet Data Systems from 1993 to 2000, where he was responsible for negotiating large-scale technology transactions and aggregating a national footprint of wireless spectrum.
From 1983 to 1993, Richardson served as a Director of Marketing and Leasing for Paragon Group, a national real estate development company, and as real estate broker with Schneider Commercial Real Estate serving the greater Silicon Valley market. Richardson currently serves on the boards of California Life Sciences, the state’s most influential and impactful life sciences membership organization whose mission is to protect and nurture California’s life sciences industry, empowering discoveries that lead to healthier lives around the world; and the Gladstone Foundation, a not-for-profit organization supporting the Gladstone Institutes, an independent state-of-the-art biomedical research institution.
Richardson received his Bachelor of Arts degree in Economics and Literature from Claremont McKenna College and his Master of Business Administration degree from Santa Clara University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Stephen Richardson’s move on a scale of 0 to 10.
exechange reached out to Alexandria Real and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 28.2022 ($).