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Equity Residential CEO Stepping Down at Year’s End

David J. Neithercut (pictured), president and CEO of Equity Residential since 2006, is retiring at year’s end as part of a planned succession. He’ll be succeeded as CEO of the locally-based apartment REIT on Dec. 31 by Mark J. Parrell, who succeeds Neithercut as president effective immediately.

“I have been honored to serve as a member of Equity Residential’s executive leadership since 1993, and am extremely grateful for the support of our investors, employees and board over the last 25 years,” said Neithercut.

Neithercut added that he has worked closely with Parrell for much of this time “and will transition leadership of the company to him with great confidence. He is a strategic thinker, proven leader and respected colleague, who, together with the company’s talented senior management team, will work diligently to deliver continued success.”

Succeeding Parrell in his current roles of EVP and CFO is Robert A. Garechana.

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Inside The Story

Read more at BusinessWireConnect With Equity Residential's Parrell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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