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Posted 20 November, 2023

OFFICE PROPERTIES INCOME TRUST appointed new CEO

CEO Change detected for ticker Nasdaq:OPI in a 8-K filed on 20 November, 2023.


  Ms. Duffy will replace Christopher J. Bilotto who has resigned as our President and Chief Executive Officer, effective December 31, 2023, and who has been appointed as president and chief executive officer of Diversified Healthcare Trust, effective January 1, 2024.  

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Overview of OFFICE PROPERTIES INCOME TRUST
Real Estate/Construction • Industrial/Office REITs
Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.
Market Cap
$116M
View Company Details
OFFICE PROPERTIES INCOME TRUST by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On November 17, 2023, our Board of Trustees, or the Board, appointed Yael Duffy as our President and Chief Operating Officer, effective January 1, 2024.


Ms. Duffy, age 44, has been a senior vice president of our manager, The RMR Group LLC, or RMR, since April 2021, and a vice president of RMR from June 2019 to March 2021. Ms. Duffy is responsible for overseeing the asset management, leasing and property management functions of a portfolio of office, industrial and retail properties managed by RMR. Ms. Duffy joined RMR in 2006 and has served in various capacities with RMR since that time. Ms. Duffy also currently serves as president and chief operating officer of Industrial Logistics Properties Trust.


There is no arrangement or understanding between Ms. Duffy and any other person pursuant to which Ms. Duffy was appointed as our President and Chief Operating Officer. There are no transactions, relationships or agreements between Ms. Duffy and us that would require disclosure pursuant to Item 404(a) of Regulation S-K. Ms. Duffy does not have a family relationship with any member of the Board or any of our executive officers.


Ms. Duffy will replace Christopher J. Bilotto who has resigned as our President and Chief Executive Officer, effective December 31, 2023, and who has been appointed as president and chief executive officer of Diversified Healthcare Trust, effective January 1, 2024.


In connection with Ms. Duffy's appointment as our President and Chief Operating Officer, we will enter into an indemnification agreement with Ms. Duffy, which agreement will be on substantially the same terms as the indemnification agreements we have entered with our Trustees and other executive officers. We have previously filed a form of indemnification agreement as Exhibit 10.3 to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, which form is incorporated herein by reference.