Equity Residential founder Samuel Zell dies; David Neithercut appointed chairman

EQUITY RESIDENTIAL

Samuel Zell, founder and chairman of Equity Residential, passed away at age 81 on May 18, 2023.
David J. Neithercut, former CEO (2006-2018) and board member since 2006, has been appointed as chairman effective immediately.
Zell founded the predecessor company while a student at Michigan and took it public in 1993, building EQR into a $31B S&P 500 apartment owner.
The company cited its long-standing succession planning and commitment to continuing Zell's focus on shareholder value creation.

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