Elizabeth Mangan

Dayton developer names new CEO, announces business spin-off

Dayton developer Miller Valentine has announced a new chief executive, the spin-off of its commercial asset and property management businesses and other leadership changes.

Elizabeth Mangan will be the real estate company’s CEO effective Jan. 1.

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Mangan graduated cum laude from West Virginia University and earned a law degree from Georgetown University Law Center. She joined Miller-Valentine in 2008, was named general counsel in 2011 and became a partner in 2014, the firm said in its announcement.

After becoming a member of the company’s executive committee, Mangen was chosen to lead the strategic planning initiative for the company.

“For the past two years, she has been instrumental in defining the path forward for Miller-Valentine,” the firm said in its statement. “Mangan is committed to giving back to the community and currently serves as a board member of Adopt-A-Class, the Good Samaritan Hospital Foundation, and The Aruna Project.”

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Also, the company said senior partners Bill Krul and Mike Green will become co-executive chairmen of Miller Valentine’s board of directors.

“They will oversee the transition of leadership and ownership, the fourth of its kind since the company was formed in 1963,” the firm said. “Miller-Valentine’s commercial asset and property management businesses will be spun off to a newly formed entity, Culmen Real Estate Services.”

Culmen will be led by senior partner Ed Blake, who will be departing Miller-Valentine.

These business units are two of the spin-offs planned by Miller-Valentine as the company focuses on what it calls its “core businesses.”

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“Miller-Valentine Group continues to evolve and these changes in leadership and strategy position the company for future growth and success,” the company’s statement said.

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