Industrial real estate investment trust Terreno Realty Corp. said director Peter Merlone will not be standing for re-election and will retire following the company's annual general meeting May 1.
The company nominated Gabriela Parcella for election at the board during the meeting, according to a proxy statement.
Parcella, who has served as chairman, president and CEO of Mellon Capital, is expected to join Terreno's audit, compensation, and nominating and corporate governance committees, following the election.
