Hudson Pacific Provides Business Update
Rightsizes Board of Directors
Expects Studio Business to Benefit from Newly Approved Business Incentives to Stimulate Production
LOS ANGELES --(BUSINESS WIRE)
Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced changes to its Board of Directors ("Board"), reducing the size from 10 to 8 members. In support of these efforts, two directors, Ebs Burnough and Christy Haubegger, voluntarily resigned from the Board.
Victor Coleman, Hudson Pacific’s CEO and Chairman, said, "This more efficient board structure maintains the experience needed to guide our management team while contributing to our ongoing focus on corporate costs to drive value creation for shareholders. With our high-quality portfolio located in the primary markets benefiting from AI investment and now California’s substantially increased film and TV production incentives, I am excited about what the future holds for Hudson Pacific."
Coleman continued, "I would like to thank Ebs and Christy for their service and many contributions, as well as their dedication and professionalism in enabling the streamlining of our Board. Each has provided valuable perspective and insights over the years and we wish them the very best."
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.
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