|By PR Newswire||
|February 25, 2014 01:49 PM EST||
INDIANAPOLIS, Feb. 25, 2014 /PRNewswire/ -- Simon Property Group, Inc. (NYSE:SPG), a global leader in retail real estate, announced today the appointment of Mark Ordan as Chief Executive Officer of Washington Prime Group, Inc. which will be an independent, publicly traded REIT, comprised initially of SPG's strip center business and its smaller enclosed malls. Washington Prime Group's mission is to own stable, quality retail properties that effectively serve the communities in which they are located. Washington Prime Group is expected to initially own or have an interest in 98 diversified retail real estate assets.
Ordan brings to the new enterprise a progressive and successful career leading public companies at the nexus of real estate and consumer demand in retailing, retail real estate and healthcare. Most recently, Ordan was CEO of Sunrise Senior Living, having led its successful turnaround and eventual sale to Health Care REIT and KKR. Prior to Sunrise, Ordan guided the turnaround of The Mills Corporation as its CEO, and then led its sale to Simon Property Group and Farallon Capital Management.
Ordan was founder and CEO of Fresh Fields which he sold to Whole Foods Market. He served on the board of Federal Realty Investment Trust for 10 years and was non-executive Chairman from 2001 through 2006 when he led the Board of Director's restructuring of the senior management team.
David Simon, Chairman and CEO of Simon Property Group said, "We worked closely with Mark during the Mills transaction and found him to be a top-rate executive with particular expertise in creating value for an organization. I am very confident Mark has the retail real estate operating experience to lead this exciting new company."
"We are pleased to have a Chief Executive Officer of Mark's background which combines success leading public companies as both a CEO and Board Chair with prominent positions in retail and retail real estate," said Richard S. Sokolov, SPG's President and COO. "He is perfectly suited for this position."
Ordan received his BA from Vassar College and has served on its Board of Trustees for 15 years. He received his MBA from Harvard Business School. He lives outside Washington, DC with his wife and family.
About Simon Property Group
Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and a global leader in the retail real estate industry. The Company currently owns or has an interest in more than 325 retail real estate properties in North America, Asia and Europe comprising approximately 243 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S. For more information, visit the Simon Property Group website at www.simon.com.
SOURCE Simon Property Group, Inc.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Sep. 2, 2015 02:00 PM EDT Reads: 260
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Sep. 2, 2015 02:00 PM EDT Reads: 248
Sep. 2, 2015 02:00 PM EDT Reads: 815
Sep. 2, 2015 02:00 PM EDT Reads: 1,568
Sep. 2, 2015 01:45 PM EDT Reads: 1,551
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 2, 2015 01:30 PM EDT Reads: 937
Sep. 2, 2015 01:30 PM EDT Reads: 1,633
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 2, 2015 01:30 PM EDT Reads: 619
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Sep. 2, 2015 01:15 PM EDT Reads: 1,617
Sep. 2, 2015 12:45 PM EDT Reads: 1,556
Sep. 2, 2015 12:45 PM EDT Reads: 191
Sep. 2, 2015 12:45 PM EDT Reads: 201
Sep. 2, 2015 12:21 PM EDT
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 2, 2015 12:15 PM EDT Reads: 410
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
Sep. 2, 2015 12:00 PM EDT Reads: 270