BEACHWOOD, Ohio, Sept. 19, 2011 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) today announced Rebecca L.
Maccardini has been named a member of its Board of
Directors. Ms. Maccardini joins the board immediately, and with her
appointment the size of the DDR board has been increased to 11
members.
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Ms. Maccardini is a 35-year veteran of the shopping center
industry and the principal of the retail real estate consulting
firm RMResources, LLC. Ms. Maccardini is also an active member of
the International Council of Shopping Centers (ICSC), having served
as both a Trustee and Chairperson – the first woman to have
achieved those honors.
"We are honored to have Becky join our Board of Directors,
bringing a unique perspective of retail real estate and
unparalleled industry leadership. Becky's knowledge and experience
related to the operations and branding of retail operating
platforms will further enhance our efforts of developing and
maintaining a prime organization focused on creating shareholder
and asset value," said Daniel B.
Hurwitz, president and chief executive officer of DDR.
"Becky is a welcome addition to our board as her extensive
background and broad experience will offer diversity of thought and
a fresh perspective to our board room," said Terrance R. Ahern, chairman of the board of
DDR.
In addition to being the founder of RMResources and her many
years of service with the ICSC, Ms. Maccardini has extensive
shopping center industry experience in property redevelopment and
repositioning, operations and systems evaluation, and
communications and corporate branding. Ms. Maccardini is a 35-year
resident of Ann Arbor, Michigan,
and a graduate of Ohio University.
About DDR
DDR is an owner and manager of 546 primarily open-air,
value-oriented shopping centers that leverages its retail knowledge
to help tenants be successful and create value for its
shareholders. DDR operates a total of 126 million square feet in 41
states, Puerto Rico and
Brazil, concentrated in high
barrier-to-entry markets with stable populations and high growth
potential. DDR is a self-administered and self-managed REIT
operating as a fully integrated real estate company, and is
publicly traded on the New York Stock Exchange under the ticker
symbol DDR. Additional information about the company is available
at www.ddr.com.
SOURCE DDR Corp.