Simon® Announces Key Executive Appointments
Simon (NYSE:SPG), a premier retail REIT, has announced significant executive leadership changes. Eli Simon has been promoted to Chief Operating Officer from his previous role as Executive VP and Chief Investment Officer. He will work directly with CEO David Simon on property performance, development projects, strategic investments, and brand strategy.
Additionally, Jonathan Murphy and Eric Sadi have been appointed as Co-Presidents of North American Real Estate, overseeing Simon's mall, mills, and premium outlets platforms. Both executives, who joined the company in 2010 and 2006 respectively, will be responsible for asset management and leasing strategies across the North American portfolio.
Simon (NYSE:SPG), un importante REIT nel settore retail, ha annunciato importanti cambiamenti nella leadership esecutiva. Eli Simon è stato promosso a Chief Operating Officer, dopo aver ricoperto il ruolo di Executive VP e Chief Investment Officer. Collaborerà direttamente con il CEO David Simon su performance immobiliari, progetti di sviluppo, investimenti strategici e strategia del marchio.
Inoltre, Jonathan Murphy e Eric Sadi sono stati nominati Co-Presidenti del settore immobiliare nordamericano, supervisionando le piattaforme di centri commerciali, outlet e premium outlet di Simon. Entrambi i dirigenti, entrati in azienda rispettivamente nel 2010 e nel 2006, saranno responsabili della gestione degli asset e delle strategie di leasing nel portafoglio nordamericano.
Simon (NYSE:SPG), un destacado REIT minorista, ha anunciado cambios significativos en su liderazgo ejecutivo. Eli Simon ha sido promovido a Director de Operaciones desde su anterior cargo como Vicepresidente Ejecutivo y Director de Inversiones. Trabajará directamente con el CEO David Simon en el rendimiento de las propiedades, proyectos de desarrollo, inversiones estratégicas y estrategia de marca.
Además, Jonathan Murphy y Eric Sadi han sido nombrados copresidentes de Bienes Raíces en América del Norte, supervisando las plataformas de centros comerciales, mills y outlets premium de Simon. Ambos ejecutivos, que se unieron a la empresa en 2010 y 2006 respectivamente, serán responsables de la gestión de activos y las estrategias de arrendamiento en la cartera de América del Norte.
Simon (NYSE:SPG)는 선도적인 소매 부동산 투자신탁(REIT)으로서 중대한 경영진 인사를 발표했습니다. Eli Simon은 전무 겸 최고투자책임자에서 최고운영책임자(COO)로 승진하였습니다. 그는 CEO David Simon과 직접 협력하여 부동산 성과, 개발 프로젝트, 전략적 투자 및 브랜드 전략을 담당할 예정입니다.
또한, Jonathan Murphy와 Eric Sadi가 북미 부동산 공동 사장으로 임명되어 Simon의 쇼핑몰, 밀스, 프리미엄 아울렛 플랫폼을 총괄합니다. 두 임원은 각각 2010년과 2006년에 입사했으며, 북미 포트폴리오의 자산 관리 및 임대 전략을 책임질 것입니다.
Simon (NYSE:SPG), un REIT de premier plan dans le secteur de la distribution, a annoncé d'importants changements dans sa direction exécutive. Eli Simon a été promu Chief Operating Officer, après avoir occupé le poste de Vice-Président Exécutif et Chief Investment Officer. Il travaillera directement avec le PDG David Simon sur la performance des propriétés, les projets de développement, les investissements stratégiques et la stratégie de marque.
De plus, Jonathan Murphy et Eric Sadi ont été nommés coprésidents de l'immobilier nord-américain, supervisant les plateformes de centres commerciaux, mills et outlets premium de Simon. Ces deux cadres, arrivés respectivement en 2010 et 2006, seront responsables de la gestion des actifs et des stratégies de location sur le portefeuille nord-américain.
Simon (NYSE:SPG), ein führender Einzelhandels-REIT, hat bedeutende Veränderungen in der Geschäftsführung bekannt gegeben. Eli Simon wurde vom Executive VP und Chief Investment Officer zum Chief Operating Officer befördert. Er wird direkt mit CEO David Simon an der Immobilienperformance, Entwicklungsprojekten, strategischen Investitionen und Markenstrategie arbeiten.
Darüber hinaus wurden Jonathan Murphy und Eric Sadi zu Co-Präsidenten für Nordamerikanische Immobilien ernannt und übernehmen die Leitung der Simon-Plattformen für Einkaufszentren, Mills und Premium-Outlets. Beide Führungskräfte, die 2010 bzw. 2006 dem Unternehmen beigetreten sind, sind für das Asset Management und die Vermietungsstrategien im nordamerikanischen Portfolio verantwortlich.
- Strategic promotion of experienced executive Eli Simon to COO position strengthens leadership team
- Appointment of seasoned internal candidates Murphy and Sadi as Co-Presidents ensures continuity
- Unified oversight of all three platforms (Malls, Mills, Premium Outlets) under Co-Presidents streamlines operations
- Multiple simultaneous leadership changes could create temporary operational adjustments
- Concentration of leadership responsibilities among fewer executives may increase key person risk
Eli will work directly with David Simon, Chairman, Chief Executive Officer and President, on all aspects of Simon's businesses including property performance, new development projects, the company's strategic investments, and its brand strategy.
Eli Simon joined the company in 2019, leading the company's investment strategy for both real estate and non-real estate investments, including new business sourcing, strategic corporate investments, and the execution of various real estate transactions. Before joining the company, Eli was the Principal and Head of North American Lodging at Och-Ziff Capital Management and Och-Ziff Real Estate, where he oversaw all lodging related investments, including asset and portfolio acquisitions, operating company investments, and lending opportunities.
Simon also announced today that Jonathan Murphy and Eric Sadi have been named Co-Presidents, North American Real Estate.
As Co-Presidents, North American Real Estate, Jon Murphy and Eric Sadi will oversee Simon's North American real estate portfolio and all three of our platforms, Malls, Mills and Premium Outlets. In this role, they will be responsible for asset management and leasing strategies. Jon and Eric, who joined the company in 2010 and 2006, have served in various capacities throughout their respective tenures. Since 2020, they have been Co-Presidents, Mall Platform, overseeing the revenue stream, occupancy, and merchandise mix for the company's malls.
"One of the hallmarks of Simon's success is the strength and depth of our management team," said David Simon. "As we work to further advance our growth, I am pleased with these leadership appointments. Our culture of innovation will continue to be a strategic asset for us."
Larry Glasscock, Lead Independent Director, said, "These executive appointments position Simon to continue to deliver long-standing industry-leading results by delivering an exceptional product and environment for our consumers and retailers."
Forward-Looking Statements
Certain statements made in this press release may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained, and it is possible that the Company's actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors. Such factors include, but are not limited to: the intensely competitive market environment in the retail industry, including e-commerce; the inability to renew leases and relet vacant space at existing properties on favorable terms; the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise; the potential loss of anchor stores or major tenants; an increase in vacant space at our properties; the loss of key management personnel; changes in economic and market conditions that may adversely affect the general retail environment, including but not limited to those caused by inflation, the impact of tariffs and global trade disruptions on us to the extent impacting our tenants, recessionary pressures, wars, escalating geopolitical tensions as a result of the war in Ukraine and the conflicts in the Middle East, and supply chain disruptions; the potential for violence, civil unrest, criminal activity or terrorist activities at our properties; the availability of comprehensive insurance coverage; security breaches that could compromise our information technology or infrastructure; changes in market rates of interest; our international activities subjecting us to risks that are different from or greater than those associated with our domestic operations, including changes in foreign exchange rates; the impact of our substantial indebtedness on our future operations, including covenants in the governing agreements that impose restrictions on us that may affect our ability to operate freely; any disruption in the financial markets that may adversely affect our ability to access capital for growth and satisfy our ongoing debt service requirements; any change in our credit rating; our continued ability to maintain our status as a REIT; changes in tax laws or regulations that result in adverse tax consequences; risks associated with the acquisition, development, redevelopment, expansion, leasing and management of properties; the inability to lease newly developed properties on favorable terms; risks relating to our joint venture properties, including guarantees of certain joint venture indebtedness; reducing emissions of greenhouse gases; environmental liabilities; natural disasters; uncertainties regarding the impact of pandemics, epidemics or public health crises, and the associated governmental restrictions on our business, financial condition, results of operations, cash flow and liquidity; and general risks related to real estate investments, including the illiquidity of real estate investments.
The Company discusses these and other risks and uncertainties under the heading "Risk Factors" in its annual and quarterly periodic reports filed with the SEC. The Company may update that discussion in subsequent other periodic reports, but except as required by law, the Company undertakes no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise.
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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