ACPT Announces Departure of Chief Financial Officer Cynthia L. Hedrick, Effective August 14, 2008
June 26 2008 - 5:58PM
PR Newswire (US)
ST. CHARLES, Md., June 26 /PRNewswire-FirstCall/ -- American
Community Properties Trust (AMEX:APOPSE:APO) announced today that
Cynthia L. Hedrick, Executive Vice President and Chief Financial
Officer, will leave the Company effective August 14, 2008. The
Company has not yet selected a replacement for Ms. Hedrick, and
will make an announcement once her successor has been named. "Cyndi
has been a valuable contributor to ACPT, and we wish her well,"
said Edwin L. Kelly, president and chief operating officer of ACPT.
"We appreciate the leadership, expertise, and dedication she has
provided since the Company was established in 1998." Ms. Hedrick
has been with ACPT and its predecessor for 24 years. "My tenure
with the Company has provided me with an invaluable and enjoyable
experience," said Ms. Hedrick. "I look forward to watching ACPT
continue to succeed in the future." ACPT (AMEX:APO) is a
diversified real estate organization with operations in the United
States and Puerto Rico and specializes in community development,
multifamily rental properties, and asset management services. ACPT
is currently listed on the American Stock Exchange under the symbol
AmCmntyProp (APO). For more information about ACPT, visit
http://www.acptrust.com/. For more information about the planned
community of St. Charles, visit http://www.stcharlesmd.com/.
DATASOURCE: American Community Properties Trust CONTACT: Craig
Renner of American Community Properties Trust, +1-301-843-8600 Web
Site: http://www.acptrust.com/
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