Washington REIT Appoints Paul McDermott As CEO - Quick Facts

(RTTNews) - Washington Real Estate Investment Trust or WRIT, (WRE) announced that its Board of Trustees appointed Paul McDermott as the company's new President and Chief Executive Officer CEO. McDermott will also serve on the WRIT Board of Trustees.

The company said McDermott will succeed George McKenzie, who has served as President and CEO of WRIT since 2007. In January 2013, McKenzie announced his intention to retire pending the appointment of a successor.

McDermott comes to WRIT from The Rockefeller Group, a wholly owned subsidiary of Mitsubishi Estate Co., Ltd., where he served as Senior Vice President and Managing Director and headed up the domestic acquisitions team for Rockefeller Group Investment Management Corp., the company noted.