Pramerica Real Estate Investors names David DeVos Global Sustainability Officer (US)

Pramerica Real Estate Investors has named David DeVos as its new Global Sustainability Officer, responsible for overseeing the company's evolving strategy to reduce its worldwide environmental footprint as it serves its investors.

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David DeVos.

Pramerica is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE:PRU), which is headquartered in the US.

"We have so far made tremendous progress integrating sustainability into our business and culture, and assessing the opportunities and potential risks that climate change and sustainability-related issues present for our business and investment portfolios," said Allen Smith, CEO of Pramerica Real Estate Investors.

"David brings an impressive track record of producing cost-effective, innovative solutions in building design, construction and sustainability experience that adds depth to our initiative."

DeVos will lead the firm's Global Sustainability Committee and oversee its regional committees in the US, Europe, Latin America and Asia. Pramerica launched its sustainability initiative in 2008 to increase environmental awareness and ensure the firm protects and maximizes the value of each investment through energy and resource conservation. For more information about the company's sustainability strategy, or to see its 2009 Sustainability Report, please visit

Before joining Pramerica, DeVos co-founded Ecoxera, a consulting firm that helps companies develop sustainability standards. Earlier, as director of corporate sustainability, he managed the sustainability program for Kohl's Department Stores, leading an effort that resulted in Kohl's being ranked as the No. 1 retail company in Newsweek magazine's 2009 green rankings. He was also previously vice president of store design for Follett Higher Education Group.

DeVos has an MBA in management from the Lake Forest Graduate School of Management and bachelor's degrees in architecture and environmental design from the University of Minnesota. He is a member of the US Green Building Council's LEED- Retail and Existing Buildings Working Group, Green Roofs for Healthy Cities, the US Department of Energy's Retailer Energy Alliance Steering Committee and a member of the American Institute of Architects.

Source: Prudential

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