Equity Residential CEO to retire

Equity Residential has announced key executive management changes as part of its succession planning program.

David Neithercut, the company’s president and CEO since 2006, will retire as CEO on December 31, 2018, at which time Mark Parrell will be appointed CEO and join the company’s board of trustees. Neithercut will remain a member of the board following his retirement.

Parrell has been appointed president effective today. He has served as the company’s executive vice president and CFO since 2007. From 2005 to 2007, Parrell served as the company’s senior vice president and treasurer and has held various roles in the company’s finance group since 1999.

Robert Garechana has been appointed executive vice president and CFO effective today. Garechana currently serves as senior vice president and treasurer of the company, has served as treasurer since 2008, and held various other finance roles since joining the company in 2004.