Advertisement
YOU ARE HERE: LAT HomeCollections

Irvine Co. executive to resign in June

January 06, 2007|Roger Vincent | Times Staff Writer

The president of Irvine Co.'s investment properties arm, Clarence Barker, will step down at the end of June and turn the job over to Richard Gilchrist, the big Orange County land developer announced Friday.

Gilchrist, now president of the company's office unit, will be succeeded by Val Wheeler, 62, the division's current executive vice president of asset management. The head of the investment properties division oversees the company's retail, resorts, apartments and office divisions.

Barker, 58, said in a letter that he had accomplished most of his professional goals and that he looked forward to spending more time with his family and building a home in the Napa Valley.

He will remain with the Newport Beach-based company as an advisor to Chairman Donald Bren, who praised Barker in a memo as "a trusted confidant" with a "steady hand, insight and unmatched temperament."

Gilchrist, 60, is the former president of Maguire Properties Inc., a Los Angeles real estate investment trust.

Privately held Irvine Co., controlled by billionaire developer Bren, is the largest landlord in Orange County and owns commercial properties in top California real estate markets.

*

roger.vincent@latimes.com

Advertisement
Los Angeles Times Articles
|
|
|