Douglas Emmett director Bider to retire; Andy Cohen elected to board

Douglas Emmett Inc

Leslie Bider will not stand for re-election; term ends at May 28, 2026 annual meeting.
Andy Cohen, Global Co-Chair of Gensler, elected to board effective April 8, 2026 with term until annual meeting.
Board size increased from 8 to 9 for Cohen, then will revert to 8 after Bider's departure.
Cohen's firm Gensler received $2.0M in fees from Douglas Emmett in 2025; board found no independence issues.
Cohen will receive pro-rated annual retainer of $220,000 in LTIP units subject to stockholder approval.

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