SOURCE: W.C. & A.N. Miller Companies

August 04, 2006 18:07 ET

W.C. & A.N. Miller Companies Continues to Restructure Board

Edward J. Miller Jr. Steps Down as Chairman

BETHESDA, MD -- (MARKET WIRE) -- August 4, 2006 -- Continuing his effort to bring more business diversity and objectivity to the W.C. & A.N. Miller Companies Board of Directors, Edward J. Miller Jr. announced today that effective immediately he will step down as the Board's Chairman. Miller will continue to serve as President and CEO of the 95-year-old real estate services company.

Assuming this position and its responsibilities on an interim basis is Robert W. Beers, Jr. Beers, a retired Ashland Oil Company executive, has 35 years of outside business experience, is a Miller shareholder and a member of the Board and Advisory Committee. Beers was elected interim chairman at the Board meeting on July 28th and will remain in this position and lead the search process for a permanent chairman.

In a letter to shareholders, Miller explained that his decision coincides with a recent decision to restructure the family-controlled Board of Directors to ensure the right mix of outside expertise to meet the strategic goals the Board has set for the company. "As Chairman of Sibley Hospital's board, I know the importance and positive impact a diverse and independent board can have on an organization. I look forward to working with a new Chairman with the kind of outside business experience necessary to take my family's company to the next level."

W.C. & A.N. Miller is a full service real estate company serving the Washington Metro area since 1912. Miller has Realtor offices in Bethesda, Potomac, Chevy Chase, Gaithersburg, the District and McLean, Virginia. Best known for building in Spring Valley and Sumner, Miller's companies also include relocation services, new homes, commercial development, leasing, and management, resident property management, and mortgage services through Greenway Lending Group. For more information about the W.C. & A.N. Miller Companies visit www.wcanmiller.com.

Contact Information