NNN REIT, Inc. Welcomes New Board Members for Succession Planning

NNN REIT, Inc., recognized under the NYSE symbol NNN, has revealed notable changes to its Board of Directors, aimed at fortifying its leadership structure ahead of future transitions. Effective October 1, 2026, Christina Chiu and Charles “Chaz” D. Mueller, Jr. will officially join the Board, representing a strategic enhancement to the organization as it prepares for the retirement of Betsy D. Holden, scheduled for February 19, 2027.

Edward J. Fritsch, Chair of the Board, commented on the decision, highlighting the invaluable experience and perspectives that Chiu and Mueller will bring to NNN. He stated, “NNN has long benefited from a Board of Directors that combines seasoned management with sophisticated backgrounds. Following an extensive search, we identified Christina and Chaz as highly qualified candidates to address our recent and pending Board retirements.” This thoughtful approach underscores NNN’s commitment to maintain a Board that is agile and adept at navigating an evolving market landscape.

Profiles of the New Board Members

Christina Chiu currently serves as the President of Empire State Realty Trust, a publicly traded REIT focusing on premium office, retail, and multifamily properties in the New York area. Her experience is rich and varied; prior to her presidency, she held roles as Executive Vice President as well as Chief Operating Officer and Chief Financial Officer. With nearly two decades spent at Morgan Stanley, Chiu held the title of Managing Director, where she was instrumental in leading capital raising and strategic planning for the Global Listed Real Assets Investing business. Her educational background is equally impressive with a Bachelor of Science in Finance and Accounting, graduated summa cum laude, from NYU Stern School of Business.

Charles “Chaz” D. Mueller, Jr. comes from a significant background in public REITs, having recently been a member of the Board of Trustees for Vivmark Residential, formed from the merger of AvalonBay Communities and Equity Residential. Mr. Mueller has over 30 years of executive experience in various forms of real estate management. Notably, he served as the Chief Executive Officer of Progress Residential until 2021 and has held senior positions in several major residential real estate companies. He earned his Bachelor of Business Administration in Real Estate and Finance from The University of Texas at Austin and later achieved an MBA from Southern Methodist University.

Looking Towards the Future

Mr. Fritsch also expressed gratitude for Betsy D. Holden's dedication, noting, “Her leadership, judgment, and voice have shaped NNN for many years. We are grateful for her contributions.” In response, Ms. Holden commented, “It has been a privilege to work alongside a committed Board and management team. I look forward to seeing Christina and Chaz support NNN's ongoing success.”

Steve Horn, the CEO of NNN, echoed these sentiments, praising both new members for their extensive qualifications and commitments to operational excellence. He stated, “We are excited to gain their insights as we execute our disciplined growth strategy and create shareholder value.” NNN REIT, known for investing in high-quality properties with long-term net leases, anticipates that these new board appointments will enhance its future endeavors.

Conclusion

With a portfolio that encompasses over 3,774 properties across the United States and Puerto Rico, NNN REIT is well-positioned for continued success within its market. The addition of Chiu and Mueller not only strengthens its leadership but also underscores a proactive strategy toward maintaining organizational excellence. As both seasoned professionals prepare to join NNN's ranks, all eyes will be on the future trajectory of this influential real estate investment trust.