AMB Property Corporation announces appointment of Lydia H. Kennard as New Independent Director (US)

Global distribution facilities developer and owner AMB Property Corporation today announced that Lydia H. Kennard has been appointed to the company´s board of directors. Kennard is one of eight independent directors on the company´s board, which now has 10 members.

As executive director of Los Angeles World Airports (LAWA) from 1999 through 2003, Kennard oversaw and managed a system of airports, including Los Angeles International Airport, Ontario International Airport, Van Nuys Airport and Palmdale Regional Airport. During that time, Kennard managed operational and financial challenges, including the implementation of new security measures, fiscal controls and programs to increase business activities and revenues. Kennard was LAWA´s deputy executive director of planning, facilities and engineering for the five years prior to assuming the executive director position.

Kennard is currently chairman of KDG Development Construction Consulting, a Los Angeles-based firm specializing in program and construction management for public and private sector clients. Kennard was president of KDG prior to joining LAWA in 1994. Before KDG, Kennard served as associate attorney at McKenna & Fitting, a firm specializing in real estate and construction law, and as a member of the Los Angeles Planning Commission.

'Lydia´s extensive experience in airport facilities, urban planning and real estate development will be a valuable resource as we advance AMB´s global strategy,' said Hamid R. Moghadam, AMB´s chairman and chief executive officer. 'We believe her skill set and independence are an excellent fit with our commitment to leading corporate governance practices; we look forward to working with Lydia.'

Kennard´s academic credentials include a juris doctorate from Harvard Law School, a master´s degree in city planning from the Massachusetts Institute of Technology and a bachelor´s degree in urban planning and management from Stanford University. Kennard serves on the boards of the nonprofit research and analysis institution RAND, the Pardee RAND Graduate School, IndyMac Bank, UNOVA Corporation, the UniHealth Foundation and the California Air Resources Board.

Source: AMB

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