GERMANTOWN, Tenn., Sept. 6,
2023 /PRNewswire/ -- Mid-America Apartment
Communities, Inc. ("MAA") (NYSE: MAA) announced today that
Albert M. Campbell, Executive
Vice-President and Chief Financial Officer, will retire effective
March 31, 2024. A. Clay Holder, Senior Vice-President and Chief
Accounting Officer, will assume responsibilities as the Chief
Financial Officer effective with Mr. Campbell's retirement.
As part of his planned retirement, Mr. Campbell will remain as an
advisor to the company through the end of calendar year 2024 to
further support the company and facilitate an orderly
transition.
Mr. Campbell joined MAA in 1998 and was promoted to Chief
Financial Officer in January 2010. Mr. Holder joined MAA in
2017 as Senior Vice-President and Chief Accounting Officer.
Prior to joining MAA, Mr. Holder spent seven years in multiple
accounting and finance roles at AutoZone, Inc. Mr. Holder
began his career in public accounting with Arthur Andersen and
Deloitte and is a licensed Certified Public Accountant.
Eric Bolton, Chairman and CEO,
said, "We are grateful for Al's twenty-five years of exceptional
service, which includes the integration of the Colonial and Post
acquisitions, the systematic deleveraging of our balance sheet and
the initial and subsequent accessing of the investment grade debt
capital markets. Al and our Accounting and Finance team have
our balance sheet and our finance, accounting, tax, and internal
audit operations in a strong position. In his capacity as our
Chief Accounting Officer, Clay has extensive knowledge of our
finance and accounting operations and has been a key contributor to
our success. We are excited to see him take on additional
responsibilities as our Chief Financial Officer.
"Our senior leadership team at MAA has extensive industry
experience, and a long tenure with our company, averaging 15 years
at MAA. Our portfolio of high-quality properties, uniquely
diversified across high-growth markets, supported by cycle-tested
leadership, a sophisticated operating platform and a strong balance
sheet, has MAA well-positioned to drive higher value for the
constituents that we serve."
About MAA
MAA, an S&P 500 company, is a
self-administered real estate investment trust (REIT) focused on
delivering strong, full-cycle investment performance for
shareholders through the ownership, management, acquisition,
development and redevelopment of apartment communities primarily in
the Southeast, Southwest and Mid-Atlantic regions of the United
States. For further details, please refer to www.maac.com or
contact Investor Relations at investor.relations@maac.com.
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SOURCE MAA