The Macerich Company Announces CFO Change
Macerich Company (NYSE: MAC) has appointed Daniel E. Swanstrom II as its new Chief Financial Officer, effective November 16, 2024. Swanstrom brings over 20 years of real estate experience, including roles as CFO at two public REITs and as a former Morgan Stanley investment banker. The current CFO, Scott Kingsmore, will transition to Senior Advisor until December 31, 2024, after serving the company for almost 30 years.
Macerich Company (NYSE: MAC) ha nominato Daniel E. Swanstrom II come nuovo Chief Financial Officer, con effetto dal 16 novembre 2024. Swanstrom porta con sé oltre 20 anni di esperienza nel settore immobiliare, inclusi ruoli come CFO in due REIT pubblici e come ex banchiere d'investimento di Morgan Stanley. L'attuale CFO, Scott Kingsmore, passerà a Senior Advisor fino al 31 dicembre 2024, dopo aver lavorato per l'azienda per quasi 30 anni.
Macerich Company (NYSE: MAC) ha nombrado a Daniel E. Swanstrom II como su nuevo Director Financiero, con efecto a partir del 16 de noviembre de 2024. Swanstrom aporta más de 20 años de experiencia en el sector inmobiliario, incluyendo roles como CFO en dos REIT públicos y como exbanquero de inversión en Morgan Stanley. El actual CFO, Scott Kingsmore, pasará a ser Asesor Senior hasta el 31 de diciembre de 2024, después de haber servido a la empresa durante casi 30 años.
마세리치 컴퍼니 (NYSE: MAC)가 다니엘 E. 스완스트롬 II를 2024년 11월 16일부터 새로운 최고재무책임자(CFO)로 임명했습니다. 스완스트롬은 공공 REIT에서 CFO를 역임한 경력을 포함해 20년 이상의 부동산 경험을 보유하고 있으며, 이전에는 모건 스탠리 투자은행가로 활동했습니다. 현재 CFO인 스콧 킹스모어는 2024년 12월 31일까지 수석 고문으로 전환되며, 회사에서 거의 30년 동안 근무했습니다.
Macerich Company (NYSE: MAC) a nommé Daniel E. Swanstrom II comme nouveau Directeur Financier, prenant effet le 16 novembre 2024. Swanstrom apporte plus de 20 ans d'expérience dans le domaine immobilier, y compris des rôles en tant que CFO dans deux REIT publics et en tant qu'ancien banquier d'investissement chez Morgan Stanley. L'actuel CFO, Scott Kingsmore, deviendra Conseiller Senior jusqu'au 31 décembre 2024, après avoir servi l'entreprise pendant presque 30 ans.
Macerich Company (NYSE: MAC) hat Daniel E. Swanstrom II als neuen Chief Financial Officer ernannt, der am 16. November 2024 sein Amt antreten wird. Swanstrom bringt über 20 Jahre Erfahrung im Immobiliensektor mit, darunter Tätigkeiten als CFO bei zwei öffentlichen REITs und als ehemaliger Investmentbanker bei Morgan Stanley. Der derzeitige CFO, Scott Kingsmore, wird bis zum 31. Dezember 2024 als Senior Advisor tätig sein, nachdem er fast 30 Jahre im Unternehmen gedient hat.
- Appointment of experienced CFO with over 20 years of real estate expertise
- New CFO brings public REIT management and investment banking background
- Smooth transition period planned with current CFO staying as advisor
- None.
Dan Swanstrom Named as Chief Financial Officer of The Macerich Company
SANTA MONICA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) (the “Company” or “Macerich”) today announced that Daniel E. Swanstrom II will become the Chief Financial Officer of Macerich effective on November 16, 2024.
“I am very pleased to welcome Dan to Macerich,” said Jack Hsieh, Macerich’s CEO. “Dan brings an excellent background to Macerich with over 20 years of experience in real estate, both as a CFO of two public REITs and as a former investment banker with Morgan Stanley. He has extensive experience in managing complex balance sheets, interfacing with external stakeholders and making capital allocation decisions that drive shareholder value. He will be a great addition to our team.”
Scott Kingsmore, the current Chief Financial Officer, will transition to the role of Senior Advisor effective November 16, 2024 and remain with the Company through December 31, 2024 to assist in the transition.
Mr. Hsieh commented, “I want to thank Scott for his almost 30 years of unwavering service to Macerich and, in particular, for his important contributions in assisting me in developing and refining our Path Forward.”
ABOUT MACERICH
Macerich is a fully integrated, self-managed, and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 45 million square feet of real estate consisting primarily of interests in 41 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024). For more information, please visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.
INVESTOR CONTACT: Samantha Greening, AVP, Investor Relations, Samantha.Greening@macerich.com
FAQ
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