DENVER--(BUSINESS WIRE)--
Apartment Investment and Management Company (“Aimco”) (NYSE: AIV)
announced today that James N. Bailey has resigned from the Aimco Board
of Directors after 16 years of service. His resignation is
effective July 15, 2016.
Terry Considine, Aimco’s Chairman and CEO remarked, “Jim is a brilliant
entrepreneur, a much admired colleague and a dear friend. Over the past
many years he has made many and important contributions to Aimco. In
particular, in his role as chairman of the Nominating and Corporate
Governance Committee, Jim led the directors in our self-improvement of
board process, welcomed five new directors, and generally kept Aimco in
the forefront of good corporate governance.”
Mr. Bailey noted, “Serving on the Aimco board with such a dedicated and
talented group of directors has been a great pleasure. I thank them all
for what we have learned and accomplished together, and I wish them and
the company continued success.”
With Mr. Bailey’s departure, Kathleen M. Nelson has been named the
chairman of the Nominating and Corporate Governance Committee. Ms.
Nelson is a private real estate consultant. She is a former Managing
Director/Group Leader and Chief Administrative Officer for TIAA-CREF’s
mortgage and real estate division. She has been an Aimco director for
six years.
About Aimco
Aimco is a real estate investment trust that is focused on the ownership
and management of quality apartment communities located in the largest
markets in the United States. Aimco is one of the country's largest
owners and operators of apartments, with 195 communities in 22 states
and the District of Columbia. Aimco common shares are traded on the New
York Stock Exchange under the ticker symbol AIV, and are included in the
S&P 500. For more information about Aimco, please visit our website at www.aimco.com.
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Aimco
Investor Relations, 303-793-4661
Investor@aimco.com
or
Valerie
Kimball, 303-793-4645
Director, Investor Relations
Source: Aimco