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Agree Realty founder's son named president, COO (AP)

Mon, 8 Jun 2009 22:58:01 Etc/GMT

Joey Agree, 30, will assume principal leadership over the company's business strategy. He also will take a seat on the board of directors.

Agree Realty founder Richard Agree will continue as chief executive and board chairman.

Joey Agree joined the company in March 2005 and has been executive vice president since January 2006. Prior to that, he supervised the company's development and acquisition activities.

Farmington Hills, Mich.-based Agree Realty owns, manages and develops properties including stand-alone retail stores and space in neighborhood shopping centers. It has 71 properties in 16 states.

Shares rose 24 cents to close at $18.25.

source: http://biz.yahoo.com/ap/090608/us_agree_realty_personnel.html?.v=1

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