Real estate development firm Stiles Corp. is changing its leadership succession plan, the company announced on Wednesday.
The roles of chairman and CEO will be separated over the next two years, according to a press release. Ken Stiles will replace his father, current chair and CEO Terry Stiles, as CEO. Ken Stiles is currently the company’s executive vice president.
Current president Doug Eagon will become vice chairman; Scott Maclaren will replace Eagon.
“My father and Doug are two of the most respected business leaders of their generation,” Ken Stiles said in a statement. “I have had the benefit of growing up in this business, watching and learning from the very best in this industry. I am looking forward to leading the company alongside Scott and the rest of the executive team.”
The Fort Lauderdale-based company has offices in Miami, Fort Myers, Tampa, Orlando and Charlotte, North Carolina. Stiles’ South Florida developments have included The Pointe in Palm Beach Gardens, Biscayne18 in Miami and Coral Landings in Coral Springs and Margate. — Katherine Kallergis