Kilroy Announces Leadership Transition

Kilroy Realty Corporation (NYSE: KRC, "Kilroy" or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Angela M. Aman as Chief Executive Officer (CEO) and a member of the Board, effective January 22, 2024. Ms. Aman’s appointment follows a comprehensive and thorough search process by the Board, with the assistance of Korn Ferry, a global organizational consulting firm. Ms. Aman will succeed John B. Kilroy, Jr., who previously announced his planned retirement and will continue to serve as the Company’s CEO until January 21, 2024. In addition, Mr. Kilroy will serve as an advisor to the Company through the end of 2024 in order to ensure a smooth transition of responsibilities, and will remain Chair of the Board through his current term.

Ms. Aman is a seasoned real estate executive with more than 22 years of commercial real estate, financial and operational expertise. Ms. Aman currently serves as President, Chief Financial Officer and Treasurer of Brixmor Property Group, where she joined in 2016 as Executive Vice President, Chief Financial Officer and Treasurer. Prior to joining Brixmor, Ms. Aman served as Executive Vice President and Chief Financial Officer of Starwood Retail Partners from 2015 to 2016 and Executive Vice President, Chief Financial Officer and Treasurer of Retail Properties of America, Inc. from 2011 to 2015. Earlier in her career, Ms. Aman held positions of increasing responsibility at RREEF and Deutsche Bank. Ms. Aman is a member of Nareit, ICSC, and the Urban Land Institute (ULI), and serves on the Board of Trustees of Equity Residential, where she serves as Chair of the Audit Committee. Ms. Aman received a B.S. in Economics from The Wharton School of The University of Pennsylvania.

“I am pleased to welcome Angela as the new CEO of Kilroy,” said Mr. Kilroy. “I am excited to continue to serve as Chair of the Board and as a special advisor to ensure a seamless transition for our stakeholders. I’m proud of the incredible team and portfolio that we have built and look forward to this next chapter of Kilroy’s history.”

“We are thrilled to welcome Angela to Kilroy,” said Dr. Edward Brennan, PhD, Lead Independent Director of the Company’s Board of Directors. “Over the course of her impressive two-decade long career, Angela has proven that she has the breadth of commercial real estate experience and financial and operational acumen to shepherd Kilroy’s next phase of growth. The Board is confident that Angela is the right executive to grow our leading position in the commercial real estate market and create long-term value for our shareholders.”