Equity Residential Appoints Chris Carr as Trustee, Expands Board to 11 Members

Equity Residential has appointed Chris Carr as a Trustee, expanding its Board of Trustees to 11 members. Carr, independent under NYSE standards, will serve on the Audit and Corporate Governance Committees. This appointment aligns with the company's strategy to refresh its board with new perspectives. Equity Residential specializes in acquiring, developing, and managing residential properties in urban areas, owning or investing in 319 properties with 86,422 apartment units.

Equity Residential (NYSE: EQR) has announced the appointment of Chris Carr to its Board of Trustees, expanding the board to 11 members. Mr. Carr, who qualifies as an independent trustee under the New York Stock Exchange’s listing standards, will serve on the Audit and Corporate Governance Committees [1].

With this appointment, the company's Board of Trustees will now consist of nine independent members, aligning with its strategy to refresh the board with new perspectives while leveraging the institutional knowledge of longer-tenured trustees [1]. Mr. Carr brings extensive experience as a senior executive at Sweetgreen, Starbucks, and ExxonMobil, and currently serves as a director for Hilton Worldwide and chairman of REI's board [1].

Equity Residential specializes in acquiring, developing, and managing residential properties in urban areas, owning or investing in 319 properties with 86,422 apartment units. The company has been committed to creating communities where people thrive, with an established presence in cities such as Boston, New York, Washington, D.C., Seattle, San Francisco, and Southern California [1].

The appointment of Mr. Carr is part of the company's trustee succession and refreshment strategy, which aims to add fresh perspectives while maintaining effective oversight of the Company’s strategic, operational, and compliance risks and opportunities [1]. Over the past six years, the Company has added five new trustees to the Board, reducing the average Board tenure of its independent trustees to 7.5 years [1].

The company will release its first quarter 2025 operating results on Tuesday, April 29, 2025, after the close of market, and will host a conference call to discuss those results on Wednesday, April 30, 2025, at 10:00 am Central [2].

References:
[1] https://www.morningstar.com/news/business-wire/20250724170624/equity-residential-appoints-chris-carr-to-board-of-trustees
[2] https://www.businesswire.com/news/home/20250407658102/en/Equity-Residential-Announces-First-Quarter-2025-Earnings-Release-Date