First Industrial CEO resigns after big stock-price slide

10/24/2008 | GlobeSt.com

First Industrial Realty Trust President and CEO Mike Brennan resigned Wednesday after the REIT's stock price fell from more than $30 per share to just over $10 per share. First Industrial named Director Ed Tyler interim CEO. "We are focused on selecting a candidate with the right combination of leadership, vision and commitment to guide the Company to realize its corporate objectives in this challenging market," Tyler said in a statement.

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