NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today congratulates TravelCenters of America LLC (Nasdaq: TA) on its recognition by the Women’s Forum of New York for approaching gender parity with 40% of its board seats held by women. TA will be honored at the 2017 Breakfast of Corporate Champions on November 14, 2017 in New York City. TA is also one of several listed companies that are managed by RMR that have female representation in the boardroom.
Launched in 2011, the biennial Breakfast of Corporate Champions salutes Fortune 1000 and S&P 500 companies where at least 25% of board seats are held by women. The event focuses attention on the ongoing lack of gender diversity within listed companies, while honoring companies that are making progress and demonstrating leadership in this area.
“RMR is committed to empowering women, and we recognize the benefit from diversity of thought in the boardroom,” said Adam Portnoy, President and Chief Executive Officer of RMR. “We pride ourselves on fostering an environment that welcomes diverse perspectives; this has been, and will continue to be, a key ingredient of our success. We commend all companies that are taking strides to diversify their boardrooms and are particularly proud that TravelCenters and other RMR managed companies are leading by example.”
In addition to TA, six additional RMR managed companies have female board members, and two of these companies have at least 33% women board members. Five Star Senior Living Inc. (Nasdaq: FVE) has 40% women board members and Government Properties Income Trust (Nasdaq: GOV) has 33% women board members.
Mr. Portnoy added, “All RMR managed companies are committed to cultivating boards that have diverse backgrounds and perspectives. We look forward to continuing to lead on this important topic.”
The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of September 30, 2017, The RMR Group LLC had approximately $28.5 billion of total assets under management, including more than 1,400 properties, and employed over 475 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 53,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.