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EQR’s Neithercut to Retire at Year’s End

Mark J. Parrell has been appointed president effective immediately and will take over as CEO upon Neithercut’s retirement.

Equity Residential president and CEO David J. Neithercut will retire at the end of this year. Equity Residential president and CEO David J. Neithercut will retire at the end of this year.

CHICAGO—Equity Residential president and CEO David J. Neithercut will retire from both positions on December 31. EQR reports that Mark J. Parrell has been appointed president effective immediately and will take over as CEO of the firm upon Neithercut’s retirement.

The 62-year-old Neithercut, who has served as president and CEO since 2006, will remain a member of the board following his retirement. Parrell, 52, has served as the company’s EVP and COO since 2007. From 2005 to 2007, he served as the company’s SVP and treasurer and has held various roles in the company’s finance group since 1999. Parrell will also join the company’s board of trustees in 2019.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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