Highwoods Properties gets new CFO

Terry Stevens, 66, will retire at the end of September and be replaced by board member and CFO of Exco Resources, Mark Mulhern.

Stevens has been CFO at Highwoods Properties (HIW +0.9%) for the past 11 years. Mulhern joined Exco as CFO a little more than a year ago. Prior to that, he had been CFO of Progress Energy until its merger with Duke Energy in 2012. He's been on the Highwoods board since January 2012.

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