The three new trust managers areW. Lowry Barfield, previously the vice chairman, general counsel, and CFO of Gordon Jewelry Co. until its acquisition in 1989 by Zale Corp., who has been in the private practice of law and accounting in Houston in recent years.
Rhett Buck, who has two decades' experience as an attorney, CPA, and finance officer in tax, accounting, and finance with companies such as Enron and Continental Airlines. An ex-Marine, he has been in private law practice for the past five years.
William G. Nolen, who had retired 1988 and has since been counsel to a Houston-based law firm after 22 years in various capacities at Halliburton Co., including senior vice president and CFO of construction subsidiary Brown & Root Inc. and executive vice president of insurance subsidiary Highlands Insurance Co.
The three new trust managers will sit on the board's Litigation Review Committee and immediately begin an inquiry into a lawsuit filed by Southwest Securities Inc. A report of the committee's findings to the court is anticipated in mid-February.
"I am pleased," says Robert Scharar, UIRT's chairman and CEO, "that we have been able to attract board members with the character and experience of Lowry Barfield, Rhett Buck, and Bill Nolen. We believe their input will be invaluable."
United Investors Realty Trust is a Houston based real estate investment trust and owns 26 neighborhood and community shopping centers, and a 50% interest in another, totaling about 3,100,000 sf. Eight of the company's properties are located in Houston.
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