Highwoods signals succession plan with executive promotion

A promotion near the top of Raleigh-based Highwoods Properties sheds some light on the company’s future.Highwoods’ board of directors has decided to promote executive vice president Ted Klinck, 52, to the position of president. Klinck couldn’t immediately be reached for comment, but a press release from the company said the leadership move is part of the company’s succession planning.
Current CEO Ed Fritsch, 59, has served in his post for more than a decade and has worked