Federal Realty Investment Trust Announces Changes to Its Board of Trustees

Federal Realty Investment Trust ( NYSE: FRT) has announced that Mr. Thomas A. McEachin will be joining its Board of Trustees on October 1, 2022, replacing Mark S. Ordan who has resigned from the Board effective as of September 30, 2022.  Mr. Ordan is resigning due to increasing time commitments associated with his role as Chief Executive Officer of Pediatrix Medical Group Inc. along with his other public company board commitments, not as a result of any dispute with the company. 

"I have the utmost respect for Mark, both personally and professionally, and understand and appreciate his efforts to simplify his commitments," said David W. Faeder, Federal Realty's non-executive Chairman.  "His perspectives and wise counsel will be missed."

Mr. McEachin is a seasoned financial executive having held various positions at leading companies such as United Technologies, Digital Equipment, Xerox and, most recently, as Chief Financial Officer of Covidien Surgical Solutions, the largest division of Covidien PLC.  A native New Yorker, Mr. McEachin holds an MBA from Stanford University's Graduate School of Business and a B.S. in Operations Research and Industrial Engineering from New York University's School of Engineering and Science. 

"Tom's long-time financial experience with some of the country's most respected names is impressive and deep," commented Mr. Faeder.  "We look forward to welcoming him onto the Federal Realty Board of Trustees."

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