Parkway Properties Inc. has appointed Charles T. Cannada chairman of Parkway’s board of directors, effective Jan. 1, 2012.
Cannada will replace Parkway’s current executive chairman James R. Heistand, who will become Parkway’s permanent president and CEO on the same date.
As previously announced, Steven G. Rogers will be stepping down as the company’s current president and CEO Dec. 31.
Additionally, Parkway’s board has appointed David R. O’Reilly as executive vice president and chief investment officer, effective Oct. 31.
James M. Ingram, who has served as executive vice president and chief investment officer since 2003, will continue to serve as executive vice president and chief of sales and business development.
Cannada has served as a director for Parkway since 2010, and is currently a member of the Audit Committee and Compensation Committee. Cannada is a private investor and advisor with an extensive background in the telecommunications industry. From 1989 to 2000, Cannada held various executive management positions at MCI (previously WorldCom and earlier LDDS Communications), including CFO from 1989 to 1994 and senior vice president in charge of corporate development and international ventures and alliances from 1995 to 2000. Prior to joining MCI, Cannada was in public accounting from 1980 to 1989.
Cannada currently serves on the board of directors for several non-public companies, including chairman of the board of Nanoventions Inc. and director of First Commercial Bank Inc. and Stadium Wrap America, LLC. Cannada also serves as chairman of the Board of Trustees for Belhaven University and serves on the University of Mississippi’s Foundation Board and the School of Accountancy’s Board of Advisors.
Cannada earned a Bachelor of Business Administration in Accounting from the University of Mississippi.
Prior to joining Parkway, O’Reilly was a partner and executive vice president of Banyan Street Capital where he led the firm’s investment activities. Prior to joining Banyan Street Capital, O’Reilly served as the CFO and director of capital markets for Eola Capital starting in August 2009. O’Reilly also served as senior vice president in Barclays Capital’s Real Estate Investment Banking Group and was at Lehman Brothers in the same capacity for seven years.
O’Reilly earned a bachelor of science in civil engineering from Tufts University and an MBA from Columbia University.