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Stratus Properties Inc. Announces Appointment of Laurie L. Dotter to Its Board of Directors
AUSTIN, Texas--(BUSINESS WIRE)-- Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced the appointment of Laurie L. Dotter to
About this update from Stratus Properties Inc.
[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\nStratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced the appointment of Laurie L. Dotter to its Board of Directors (“Board”). Ms. Dotter will serve as an independent Class I director, effective immediately.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210812005859/en/Laurie L. Dotter Appointed to Stratus Board (Photo: Business Wire)\nWilliam H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, “We are pleased to welcome Laurie L. Dotter to our Board. Ms. Dotter has more than 30 years of experience in the real estate investment industry, including as Founding Partner of a suite of real estate investment vehicles with a multi-billion dollar capitalization, as well as her public company board experience as Chair of the Audit Committee of Parkway Properties, Inc., a real estate investment trust. Ms. Dotter’s appointment further demonstrates our Board’s commitment to increasing Board diversity, and we look forward to benefitting from her perspective.”\n\nMs. Dotter’s appointment fulfills Stratus’ commitment to increase the size of the Board and to appoint Ms. Dotter as a new director after shareholders approved the related Board-recommended advisory shareholder proposal at the Company’s 2021 annual meeting of shareholders. The terms of Stratus’ Class I directors extend to the 2023 annual meeting of shareholders. Ms. Dotter will serve as a member of the Audit and the Compensation Committee of the Board. Following the appointment of Ms. Dotter, Stratus’ Board comprises eight members, including seven independent directors.\n\nMs. Dotter stated, “I am very excited to join Stratus’ Board and look forward to working with Stratus’ management team and other directors. For years, I have engaged with real estate investors and am happy to provide guidance to Stratus about successful real estate investment and development strategies.”\n\nAbout Laurie L. Dotter\n\nLaurie L. Dotter, age 60, serves as an investment advisory board member at Employee Retirement System of Texas, since 2019, and the Comptrollers Investment Advisory Board for Texas Treasury Safekeeping Trust Company, since 2009. Ms. Dotter is a member of the Board of Directors of Lifespace Communities, Inc., a not-for-profi...