Key insights
- Ares Industrial Real Estate Income Trust (AREIT) announced the resignation of board member Stanley A. Moore and the appointment of Scott W. Lang as an independent director. While changes in board composition can sometimes signal shifts in strategy, the company stated Moore's departure was not due to disagreements. The appointment itself is unlikely to have a significant impact on the broader US equity market, but could be a minor negative signal due to uncertainty.
Ares Industrial Real Estate Income Trust Inc. (NASDAQ:AREIT) announced the resignation of board member Stanley A. Moore, effective Wednesday. The company stated in a press release that Mr. Moore’s decision to step down was not due to any disagreement with management, company operations, policies, or practices.
Following Mr. Moore’s departure, the board appointed Scott W. Lang as an independent director, also effective Wednesday. Mr. Lang will serve on the board until his successor is elected and qualified. He has also been designated to join the company’s conflicts resolution committee and audit committee. The company noted that there are no arrangements or understandings with other persons in connection with Mr. Lang’s appointment.
Mr. Lang is currently the Chief Financial Officer of KickCharge Creative, a family office investment and brand management company, a position he has held since April 2025. He also serves as an Operating Partner, Board Member, and Executive Coach at Shore Capital Partners. Previously, Mr. Lang held executive roles at All Metals Industries/Gerber Metal Supply and Everest Group International. From 2014 to 2022, he served in senior positions at FirstService Residential, the largest division of FirstService Corporation (NASDAQ:FSV), including Chief Financial Officer and Executive Vice President of Finance for the East and New York City regions, and President of Community Collection Services. Earlier in his career, he held senior roles at Royal Bank of Scotland, Goldman Sachs, and J.P. Morgan Securities, and began his professional career in real estate finance and public accounting.
Mr. Lang holds an M.B.A. from Columbia University Graduate School of Business and a B.S. in Accounting from the State University of New York at Oswego. He is a Certified Public Accountant licensed in New York.
Ares Industrial Real Estate Income Trust stated that there are no transactions with Mr. Lang requiring disclosure under Item 404(a) of Regulation S-K. In connection with his appointment, the company entered into an indemnification agreement with Mr. Lang, consistent with agreements in place for other directors and executive officers.
This information is based on a press release statement and an SEC filing.
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