UMH Properties announced that Executive Vice President, Chief Financial Officer, and Treasurer Anna Chew will retire effective June 1 after 35 years with the company, including more than three decades as CFO. Chew will remain in an advisory capacity and continue serving on the board, while Kevin Miller, previously CFO of the UMH OZ Fund, has been appointed as Chief Financial Officer effective June 1. The planned succession reflects a structured transition designed to preserve operational continuity and financial oversight. Separately, shareholder Erez Asset Management, which owns approximately 4% of outstanding shares, urged fellow shareholders to withhold support from Presiding Independent Director Matthew Hirsch at the 2026 Annual Meeting, citing governance concerns and noting that ISS had previously recommended withholding votes from Hirsch in multiple election cycles.
UMH Properties IncCFO retirement and succession announced; structured transition may be neutral, but governance concerns from shareholder add uncertainty.
Erez Asset Management is mentioned as urging governance changes, but no direct impact on the firm itself.