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Liberty Property Adds Lucent Exec to Board

TSC Staff

Liberty Property Trust (LRY) named Lucent (LU) executive Jose A. Mejia to its board.

The Malvern, Pa., commercial property outfit said Mejia is head of Lucent Supply Chain Networks. He oversees all aspects of the company's supply chain, including product and component engineering, procurement, manufacturing, logistics and distribution.

"We are very fortunate to have Jose join our board," said CEO Bill Hankowsky. "Liberty owns and manages 39 million square feet of industrial real estate. As developers of and long-term investors in state-of-the-art distribution facilities, we routinely face the challenges posed by evolving logistics practices. Jose's unparalleled expertise in supply chain management will be invaluable to our long-term strategic planning and investment strategies."

Mejia's appointment increases the Liberty board to 10 members. On Monday, its shares fell 7 cents to $44.70.