Windrose Medical Properties Trust Announces CFO Resignation and Interim CFO Appointment
16 June 2005 - 8:35AM
PR Newswire (US)
Windrose Medical Properties Trust Announces CFO Resignation and
Interim CFO Appointment INDIANAPOLIS, June 15
/PRNewswire-FirstCall/ -- Windrose Medical Properties Trust
(NYSE:WRS), a self-managed specialty medical properties REIT,
announced today the resignation of C. Douglas Hanson, Vice
President and Chief Financial Officer. The Company will conduct a
search for a replacement to Mr. Hanson. Mr. Hanson will continue
his duties until June 30, 2005, at which time he will leave to
pursue another opportunity. Fred Farrar, President and COO, will
serve as the interim Chief Financial Officer. Patricia Bush, who
joined Windrose in May 2005 as Corporate Controller, will continue
to manage the accounting duties. Mr. Hanson stated, "Windrose has a
quality and capable staff within its accounting and finance
departments and is positioned to absorb this transition. I will
miss the friends and relationships I have developed, and truly
appreciate the opportunities presented to me during my time at
Windrose and HADC." Fred S. Klipsch, Chairman and Chief Executive
Officer, stated, "We thank Doug for his tireless efforts during our
successful establishment as a public company and his role in
building the support side of our business and our accounting and
finance staff. We are sad to see Doug go and wish him nothing but
continued success in his new endeavors." About Windrose Windrose is
a self-managed Real Estate Investment Trust (REIT) based in
Indianapolis, Indiana with offices in Nashville, Tennessee.
Windrose was formed to acquire, selectively develop and manage
specialty medical properties, such as medical office buildings,
outpatient treatment diagnostic facilities, physician group
practice clinics, ambulatory surgery centers, specialty hospitals,
outpatient treatment centers and other healthcare related specialty
properties. Safe Harbor Some of the statements in this news release
constitute forward-looking statements. Such statements include, in
particular, statements about our beliefs, expectations, plans and
strategies that are not historical facts. You should not rely on
our forward-looking statements because the matters they describe
are subject to known and unknown risks, uncertainties, assumptions
and changes in circumstances, many of which are beyond our control,
which may cause our actual results to differ significantly from
those expressed in any forward-looking statement. The factors that
could cause actual results to differ materially from current
expectations include financial performance and condition of our
lessees, adverse changes in healthcare laws, changes in economic
and general business conditions, competition for specialty medical
properties, our ability to finance our operations, the availability
of additional acquisitions, regulatory conditions and other factors
described from time to time in filings we make with the Securities
and Exchange Commission. The forward-looking statements contained
herein represent our judgment as of the date hereof and we caution
readers not to place undue reliance on such statements. We do not
undertake to publicly update or revise any forward-looking
statement whether as a result of new information, future events or
otherwise. Contact: Windrose Medical Properties Trust Fred Farrar
President and COO 317 860-8213 Investors/Media: The Ruth Group
Stephanie Carrington/Jason Rando 646 536-7017/7025 DATASOURCE:
Windrose Medical Properties Trust CONTACT: Fred Farrar, President
and COO of Windrose Medical Properties Trust, +1-317 860-8213; or
Investors, Stephanie Carrington, +1-646-536-7017, , or Media, Jason
Rando, +1-646-536-7025, , both of The Ruth Group
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