COPT Defense Mourns the Death of Former Chief Executive Officer and Trustee, Roger A. Waesche, Jr.
COPT Defense Properties Common Shares of Beneficial Interest (CDP)
Company Research
Source: Business Wire
COLUMBIA, Md.--(BUSINESS WIRE)--It is with great sadness that COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the passing of its former CEO and Trustee, Roger A. Waesche, Jr.Mr. Waesche spent over 30 years at the Company and, throughout his remarkable career, served in a number of capacities including CFO, COO, and as CEO from 2011 until his retirement in 2016. Most notably, he was the initial architect of the Strategic Reallocation Program announced in 2011, which commenced the successful transformational repositioning of the portfolio and balance sheet by deeply concentrating the Company’s investments in the Defense/IT Portfolio, while recycling out of commodity suburban office product. The results of this effort improved the Company’s financial strength by reducing leverage and obtaining an investment grade credit rating.“Those of us who worked alongside and learned from Roger are deeply saddened by his passing,” said Stephen E. Budorick, COPT De
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