JACKSON, Miss., Dec. 3 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that William R. Flatt has been promoted to
the position of Executive Vice President and Chief Operating Officer
effective December 3, 2007. Mr. Flatt has been with Parkway since May 1997
and has served as Executive Vice President, Chief Financial Officer and
Secretary since July 1, 2005. Prior to 2005, Mr. Flatt served as Vice
President and Asset Manager for the Chicago market from June 2001 through
June 2005 and Vice President of Investor Relations from 1999 through 2001.
Mr. Flatt replaces Thomas C. Maloney, who resigned as Executive Vice
President and Chief Operating Officer but will remain with the Company as
an Executive Vice President and Senior Asset Manager. Mandy M. Pope will
assume the position of Interim Chief Financial Officer effective December
3, 2007, in addition to her responsibilities as Senior Vice President and
Controller. Ms. Pope has been with the Company since 1997 and has served as
Controller of the Company since 2001 and Assistant Controller from 1997
through 2001.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
Steven G. Rogers, President and Chief Executive Officer stated, "We are
making important changes in the lineup to further our transformation from
an owner-operator to an operator-owner of office properties. We are
fortunate to have a deep bench of committed officers within Parkway that
are capable and willing to take on new and different responsibilities. Will
and Tom have unique skill sets that we believe will best serve the Company
in these new positions. I appreciate Mandy's willingness to take on the
additional duties of Chief Financial Officer until the Company completes a
thorough search and names a replacement. I have the utmost confidence in
her ability and in our entire finance and accounting team."
Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a
self-administered real estate investment trust specializing in the
operation, leasing, acquisition, and ownership of office properties. The
Company is geographically focused on the Southeastern and Southwestern
United States and Chicago. Parkway owns or has an interest in 66 office
properties located in 11 states with an aggregate of approximately 13.0
million square feet of leasable space as of December 3, 2007. Included in
the portfolio are 18 properties totaling 2.7 million square feet that are
owned jointly with other investors, representing 21% of the portfolio.
Under the Company's GEAR UP Plan, which started January 1, 2006 and ends
December 31, 2008, it is the Company's strategy to transform from an
owner-operator to an operator-owner. The strategy highlights the Company's
strength in providing excellent service in the operation of office
properties in addition to its direct ownership of real estate assets.
Fee-based real estate services are offered through the Company's wholly
owned subsidiary, Parkway Realty Services, which also manages and/or leases
approximately 1.8 million square feet for third party owners as of December
3, 2007.
Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at
http://www.pky.com.
CONTACT: STEVEN G. ROGERS
PRESIDENT & CHIEF EXECUTIVE OFFICER
SARAH P. CLARK
SENIOR VICE PRESIDENT
(601) 948-4091
SOURCE Parkway Properties, Inc.
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Related links:
http://www.pky.com
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CONTACT:
Steven G. Rogers, President & Chief Executive
Officer, or Sarah P. Clark, Senior Vice President, both of
Parkway Properties, Inc., +1-601-948-4091
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