Boston Properties announced that Owen D. Thomas will succeed Mortimer B. Zuckerman as chief executive officer and join the board of directors, effective April 2, 2013. He will remain as executive chairman and return to his original role in company activities.
Thomas is a seasoned industry veteran with over 25 years of real estate experience and an extensive financial and operational background. He is currently the chairman of the board of Lehman Brothers Holdings, where he has overseen the successful disposition of a range of assets, including the sale of Archstone Enterprise to Equity Residential and AvalonBay Communities. He also held various senior positions at Morgan Stanley for over 20 years, including serving as head of Morgan Stanley Real Estate and as chief executive officer of Morgan Stanley Asia. -Business Wire