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Zuckerman to Step Down From Boston Properties’ Board Next Month

  • REIT's co-founder, 78, to be named chairman emeritus
  • Board nominates two new members for election at May 17 meeting
Mort Zuckerman.

Mort Zuckerman.

Photographer: Scott Eells/Bloomberg

Mort Zuckerman, who co-founded Boston Properties Inc. in 1970 and has been its chairman since 1997, will leave the company’s board next month following its annual election of trustees.

Zuckerman, 78, won’t seek re-election at the company’s annual meeting, Boston Properties, the biggest U.S. office real estate investment trust, said in a proxy filing Friday. In honor of his “long and dedicated service,” Zuckerman will be named chairman emeritus and still be able to attend board meetings, according to a statement.