Essex Property Trust has announced the planned succession for its COO and CFO.
John Burkart will retire as the company’s senior executive vice president and COO and remain thereafter for one year as a strategic adviser to the company to facilitate an orderly transition.
Pursuant to the company’s succession plan, the board of directors has promoted Angela Kleiman to succeed Burkart as senior executive vice president and COO. Kleiman served as the company’s executive vice president and CFO since 2015 and has held various senior roles in the company since 2009.
Burkart was originally retained by the company in 1993 in preparation for its initial public offering in 1994. He progressed in various corporate finance positions and ultimately had a leading role in the strategic advancement of the company, including with respect to its co-investment platform, merger integration of BRE Properties and, as COO, the use of cutting-edge technology in creation of a world-
