EastGroup Properties

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EastGroup Properties Announces CFO Transition

March 3rd, 2017

Jackson, Mississippi, March 3, 2017 – EastGroup Properties (NYSE-EGP) announced that N. Keith McKey, its Executive Vice President and Chief Financial Officer, will retire on July 31, 2017. Mr. McKey has been an officer of the Company since 1983, and has been Chief Financial Officer since 1993.

The Board of Directors has appointed Brent W. Wood, presently the Senior Vice President and head of the Company’s regional office in Houston, Texas, to become Executive Vice President and Chief Financial Officer effective on Mr. McKey’s retirement. Mr. Wood, age 47, has been with the Company since 1996 and his first position with the Company was Assistant Controller, before he moved into operational roles. Mr. Wood earned Bachelor and Master of Accountancy degrees from The University of Mississippi, and prior to joining the Company was a CPA and senior audit consultant with a regional accounting firm.

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