AvalonBay Communities Names New CEO and Executive Chairperson

ALEXANDRIA, VA-Bryce Blair will take over as president and CEO at AvalonBay Communities, while Richard L. Michaux will become executive chairman. Blair had served as president and COO while Michaux was the current chairman and CEO.

Blair, 42, has held positions of increasing responsibility across a broad range of functions during his 16-year tenure with the company and its predecessors. In his role as president and COO, Blair led the company’s development, construction, property operations and investment departments to record results, according to company officials.

The company also announced additional senior management changes. Tim Naughton, 39, current chief investment officer, will assume the COO position; Sam Fuller, 39, senior vice president of development and construction will become executive vice president of development and construction; Leo Horey, 38, regional vice president of property operations on the West Coast, will assume the title of senior vice president of property operations, relocating to AvalonBay headquarters in Alexandria, VA from San Jose, Calif. The company also announced that Robert Slater, current executive vice president of property operations, will leave the company on April 30.