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Essex Names COO, CFO

PALO ALTO, CA-The locally headquartered apartment REIT promotes Michael Schall from chief financial officer to senior executive vice president and chief operating officer and hires former KPMG partner Michael Dance to replace him as CFO.

By Brian K. Miller | Updated on February 15, 2005

PALO ALTO, CA-The new chief operating officer of Essex Property Trust Inc. is its former chief financial officer and its new CFO is a former partner of KPMG LLP. Effective today, the locally headquartered apartment REIT has promoted Michael Schall from chief financial officer to senior executive vice president and chief operating officer and hired former KPMG partner Michael Dance to replace him as CFO. Schall has been Essex’s CFO for the past 12 years. In his new role as COO, Schall will oversee property operations, redevelopment, corporate finance, and fund management. Dance, an adjunct Professor for the University of California at Berkeley, HAAS School of Business, began his career at KPMG LLP in the late 1970s and from 1990 to 2002 was a partner of the firm, where he worked with clients in the real estate, construction, health care and technology industries. As CFO of Essex, he will oversee all accounting and finance related functions for the company and report to Schall. Essex has ownership interests in 25,172 apartments in 120 multifamily properties. “These changes will expand each executive’s management experience, preparing them for key roles in the Company’s future,” says Essex president/chief executive Keith Guericke in a prepared statement.Essex also made changes further down the chain of command. Mark Mikl, who joined the company in 1994, is now the company’s first vice president of asset management. He will report to Guericke and be responsible for secured debt financing, the property insurance program as well as creating various “value- added” programs. Jo Ann Petrie, with the company since 1991, is now vice president and division manager for all properties operated by Essex in the Northern California and Pacific Northwest regions.

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