leadership
confidence high
sentiment neutral
materiality 0.75
Camden Property Trust appoints new CEO, President/COO, CFO; Campo becomes Executive Chairman
CAMDEN PROPERTY TRUST
- Richard J. Campo becomes Executive Chairman; Alexander J. Jessett becomes CEO, Laurie A. Baker President/COO, Benjamin D. Fraker EVP-CFO, all effective March 24, 2026.
- Jessett’s employment agreement provides base salary of $775,000, annual incentive, equity eligibility, and severance of 2x gross income if terminated without cause.
- Initial employment term for Jessett ends August 20, 2027, with automatic one-year renewals unless either party gives 60 days' notice.
- Campo’s letter agreement defines his position as Executive Chairman and clarifies that changes in duties trigger good reason provisions.
- Jessett also appointed to the Board of Trust Managers; Board adopted bylaw amendments related to the officer changes.