MEMPHIS, Tenn., Aug. 27 /PRNewswire-FirstCall/ -- Mid-America Apartment Communities, Inc. , or Mid-America, announced today that Simon R.C. Wadsworth, 62, will be retiring as the company's Executive Vice President and Chief Financial Officer effective at year-end. Wadsworth will continue to be an employee of the company and will serve as an advisor to the Chief Executive Officer. Wadsworth will also remain a member of the Board of Directors. Albert M. Campbell, III, 42, Executive Vice President, Treasurer and Director of Financial Planning, will assume the role of Chief Financial Officer upon Wadsworth's retirement on January 1, 2010.
Commenting on the transition, H. Eric Bolton, Jr., 52, Chairman and Chief Executive Officer said, "As part of our long established succession planning program, we have been working towards Simon's planned retirement and Al's promotion into the Chief Financial Officer position over the last few years. In his more than 11 years with Mid-America, Al has been actively involved and instrumental in our strategic and financial planning processes for the company, and has extensive experience and knowledge of our accounting and financial reporting operations. As with the operating side of our business, Mid-America has a deep bench of strong and experienced professionals within our Finance group.
"Simon's contributions in his more than 15 years with our company have been both numerous and significant, including building a strong Finance and Accounting organization for Mid-America. We look forward to his continued counsel to our management team and to our Board."
Campbell joined Mid-America in 1998 as Vice President of Financial Planning and was promoted to Senior Vice President and Treasurer in 2003. Campbell began his career in public accounting with Arthur Andersen LLP, serving numerous large public companies and working in various finance and accounting roles at another large publicly-owned company prior to joining Mid-America. Campbell graduated Magna Cum Laude from Mississippi State University with a concentration in Accounting and is a Certified Public Accountant.
About Mid-America Apartment Communities, Inc.
Mid-America Apartment Communities, Inc. is a self-administered, self-managed apartment-only real estate investment trust, which currently owns or has ownership interest in 42,685 apartment units throughout the Sunbelt region of the U.S. For further details, please refer to the Mid-America website at http://www.maac.net/ or contact Investor Relations at investor.relations@maac.net or (901) 435-5371 or by mail at 6584 Poplar Avenue, Memphis, TN 38138.
Mid-America Apartment Communities, Inc.
CONTACT: Investor Relations of Mid-America Apartment Communities,
+1-901-682-6600, or investor.relations@maac.net
Web Site: http://www.maac.net/
