NNN REIT Appoints Christina Chiu, Chaz D. Mueller to Board

What Happened

• NNN REIT, Inc. announced that its Board appointed Christina Chiu and Charles “Chaz” D. Mueller, Jr. to the Board, effective October 1, 2026. The appointments were made on August 13, 2026, pursuant to the Governance and Nominating Committee’s recommendation and are part of staged Board succession planning.
• Director Betsy D. Holden notified the Board on August 13, 2026 that she will retire from the Board effective February 19, 2027. The company issued a press release on August 17, 2026 announcing the moves.

Key Details

• Appointment effective date: October 1, 2026; Holden retirement effective: February 19, 2027.
• Both new directors are expected to be appointed to the Audit Committee.
• Christina Chiu is President of Empire State Realty Trust; prior roles include EVP, COO and CFO at Empire State and nearly 18 years at Morgan Stanley (NYU Stern alumna).
• Charles “Chaz” D. Mueller, Jr. serves on the Vivmark Residential board (post-2026 merger of AvalonBay and Equity Residential) and is a former CEO of Progress Residential (degrees from UT Austin and SMU).

Why It Matters

• The board changes are a planned governance transition, not an unexpected departure, aimed at ensuring continuity as a longtime director retires. Adding directors with deep REIT, operations, finance and capital-markets experience may strengthen oversight—particularly on audit and financial matters—given both are expected to join the Audit Committee.
• The filing does not disclose any employment agreements or compensation arrangements for the new directors and does not report any immediate financial or operational impact. Investors should view this as a governance update and monitor future disclosures for any related committee assignments or changes in corporate oversight.