This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jones Lang LaSalle’s Martin Named New CEO Of HCP; McKee Elevated To Non-Executive Board Chairman

HCP, Inc. (NYSE: HCP) today announced the election of Lauralee Martin, 62, to the position of President and Chief Executive Officer of HCP by the Board of Directors. One of the highest-ranking women in commercial real estate, she has served on HCP’s Board of Directors for five years and has left her position as Chief Executive of the Americas division of Jones Lang LaSalle, Incorporated.

The Board also elected Michael D. McKee, 67, the company’s lead director, as Non-Executive Chairman. They succeed James F. Flaherty III, who has been terminated as Chairman, President and CEO. He remains a member of the Board of Directors.

“The Board believes Lauralee is the best choice to provide new leadership for the company and to execute its strategies to enhance long-term value for shareholders,” said McKee. “Jay was a substantial and successful force behind HCP’s considerable growth for more than a decade, and we wish him continued success.

“Martin is a respected, seasoned and successful real estate executive who understands HCP’s business, its executive talent and its potential for growth. And she has a track record of delivering value for shareholders,” McKee added.

“With the healthcare industry in transition, the Board believes that Lauralee is perfectly suited by experience, expertise, leadership skills and temperament to move quickly and confidently to take advantage of opportunities that will both strengthen and grow HCP,” McKee noted.

“HCP is experiencing positive momentum, and achieving consistent financial results,” Martin said. I look forward to working with HCP’s strong management team to continue implementing the Company’s strategies to capitalize on growth opportunities.” Martin becomes only the third CEO in the 28-year history of the S&P 500 healthcare real estate investment trust. She will remain on HCP’s Board of directors.

In a move to enhance the governance strength of HCP, the Board decided to separate the Chairman and CEO roles.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs