FM PROPERTIES INC. ANNOUNCES NEW BOARD MEMBER AND MANAGEMENT CHANGES.NEW ORLEANS--(BUSINESS WIRE)--Aug. 20, 1996--FM Properties Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FMPO) announced today that Mr. James C. Leslie has been elected to its Board of Directors. Mr. Leslie replaces Mr. E.E. Howard, III who has retired from the Board. In addition, Mr. William H. Armstrong William H. Armstrong (1911-1999) was an American author, most noted for his Newbery Medal-winning novel, Sounder. Armstrong grew up on a farm in Lexington, Virginia. , III has been elected President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and will continue as Chief Financial Officer. Mr. Richard C. Adkerson, formerly President, will remain Chairman of the Board of Directors and Chief Executive Officer. Also, Mr. James J. Collins, formerly Executive Vice President and Chief Operating Officer, has resigned from the company to pursue other opportunities. Richard Adkerson stated, "We are very pleased that Jim Leslie has joined our Board. Jim brings to us a broad base of experience in the real estate industry. I am also pleased to announce that Beau Armstrong has been named President. In this role, Beau will manage the operational and financial affairs of the Company. We appreciate the contributions of Wyn Howard and J.J. Collins." Mr. Leslie was one of the founders in 1982 of The Staubach Company, a real estate consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. and is its President and Chief Operating Officer. Previously, Mr. Leslie, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , was employed by Coopers & Lybrand and primarily served the international accounting firm's real estate clients. Mr. Armstrong has been employed by FMPO since its formation in 1992. He had been a member of the Finance and Business Development Group of Freeport-McMoRan Inc. with responsibility for real estate activities. Previously, he spent five years with Sonnenblick - Goldman Corp., a national real estate investment banking and advisory firm, where he last served as vice president. FMPO is engaged in the development and marketing of real estate assets in Austin, Dallas, Houston and San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. areas. CONTACT: FM Properties Inc., New Orleans Chris D. Sammons, 504/582-4474 Craig E. Saporito, 504/582-4476 |
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