Concert Properties Announces Changes to Executive Management Team

June 01, 2009

Concert co-founder Jack Poole has retired as Board Chair.

Vancouver, BC, Canada – Concert Properties today announced that effective immediately, Concert co-founder Jack Poole has retired as Board Chair, marking the 20th anniversary of the founding of the company with David Podmore. Poole will continue as mentor and advisor to Concert in his new role as Chair Emeritus. Podmore, Concert’s President and Chief Executive Officer will assume the role of Board Chair and CEO. Dan Jarvis, who joined the company this past April, will act as Vice Chair and Chief Financial Officer while Brian McCauley has been promoted to the position of President.

"Jack’s contributions to Concert cannot be overstated. As co-founder, mentor and Chairman of Concert’s Board of Directors, Jack has guided and supported the company’s growth for twenty years. The entire Board of Directors joins me in thanking Jack for his many years of service,” said Podmore. “He leaves behind the legacy of an organization much emulated and often courted as a preferred developer or partner by major Canadian pension funds, investors, other developers, communities and government.”

Jack Poole expresses great confidence about the company’s future under David Podmore’s stewardship.

“Concert is in excellent hands under the leadership of David Podmore and his team. I would like to personally congratulate and thank Dave on the dedication and leadership he has shown since the company’s inception 20 years ago,” said Poole. “Under his direction, Concert has grown into a solid, industry-leading real estate enterprise. With Dave assuming the role of Chair & CEO, Concert is positioned for even more growth and success well into the future.”

The newest addition to Concert’s executive team, Dan Jarvis has been appointed Concert’s Vice Chair and Chief Financial Officer.

"Dan holds extensive experience as a senior executive in the development industry," said Podmore. "He has a proven track record of business growth and success and we look forward to working with him as we pursue new development and business opportunities."

Concert’s current Executive Vice President, Brian McCauley has been promoted to President.

“Brian has a broad background in the real estate industry and has demonstrated an unwavering commitment to Concert over the past 16 years,” said Podmore. “We are pleased to be able to draw upon talent of Brian’s calibre from within the company.”

Concert is immensely proud to build strong and vibrant residential, industrial and commercial communities throughout British Columbia, Alberta and Ontario. With its ongoing commitment to honesty, integrity, customer service and community, Concert will continue to be “a developer with a difference.”

About Concert Properties

Concert is an award-winning diversified real estate enterprise involved in developing and acquiring commercial and industrial properties, rental housing, multi-family condominium housing, seniors living communities, and resort developments in British Columbia, Alberta and Ontario .

For media inquiries contact:
Heather Harley
Telephone: 604.602.3713

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