Post Properties (PPS) Announces Reduction In Quarterly Dividend To 20c, CIO Departure and New Stock Buyback Of Up To $200M Dec 2, 2008 06:00PM

Post Properties (NYSE: PPS) announced that its Board has reduced the quarterly dividend rate on its common stock to $0.20 per share for the fourth quarter of 2008. The Board of Directors currently anticipates maintaining this dividend rate throughout 2009, for an annualized dividend level of $0.80 per share. The dividend is payable on January 15, 2009 to all common stock shareholders of record as of January 2, 2009.

Post announced that Thomas D. Senkbeil, Executive Vice President and CIO, will leave the Company, effective on December 31, 2008.

Post Properties also announced today that its Board adopted a new stock repurchase program under which Post may repurchase up to $200 million of common stock or preferred stock at market prices from time to time until December 31, 2010.

Post Properties, founded more than 36 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States.
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Homex (HXM) Names Moctezuma as CFO Dec 2, 2008 05:13PM

Desarrolladora Homex, S.A.B de C.V. (NYSE: HXM) announced today that the Governance and Compensation Committee of Homex's Board of Directors, after assessing qualified candidates involved in the Company's succession program, has appointed Mr. Carlos Moctezuma Velasco as CFO

Desarrolladora Homex, S.A.B. de C.V. engages in the development, construction, and sale of entry-level, middle-income, and upper-income housing in Mexico.


Rowan Companies (RDC) Names W. Matt Ralls as President/CEO Dec 2, 2008 04:52PM

Rowan Companies, Inc, (NYSE: RDC) has named W. Matt Ralls as the Company's new President, Chief Executive Officer and member of the Board of Directors, succeeding D.F. McNease, who announced his retirement in late October 2008.

The Company's Board of Directors also named Jack Lentz as Chairman of the Board, effective January 1, 2009. Mr. Lentz, 63, has held a position on Rowan's Board since 1990. He is an Advisory Director of Barclays Capital and was formerly Managing Director of Lehman Brothers. Mr. Lentz also serves on the boards of Peabody Energy Corp. and CARBO Ceramics, Inc.

Rowan Companies, Inc. is a worldwide provider of contract drilling services utilizing a fleet of 22 high-spec offshore jack-up rigs and 30 deep-well land drilling rigs. [SM]


Atmos Energy (ATO) Announces Resignation of CFO Dec 2, 2008 04:35PM

Atmos Energy Corporation (NYSE: ATO) announced that Pat Reddy has notified the company of his resignation as senior vice president and chief financial officer, effective December 31, 2008.

Fred Meisenheimer, vice president and controller, has been appointed by the board of directors to serve as interim chief financial officer, effective January 1, 2009, until a successor is appointed.

Atmos Energy Corporation, headquartered in Dallas, is one of the largest natural-gas-only distributor, serving about 3.2 million natural gas distribution customers in more than 1,600 communities in 12 states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.[SM]


Atmos Energy (ATO) CFO to Resign Dec 2, 2008 04:35PM

Atmos Energy Corporation (NYSE: ATO) today announced that Pat Reddy has notified the company of his resignation as Senior VP and CFO, effective December 31, 2008.

Atmos Energy Corporation engages in the distribution, transmission, and storage of natural gas in the United States.


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