Macerich Names New Chief Operating Officer
November 27 2006 - 10:00AM
PR Newswire (US)
SANTA MONICA, Calif., Nov. 27 /PRNewswire-FirstCall/ -- Macerich
(NYSE:MAC), one of the nation's largest retail real estate
investment trusts, has named Tony Grossi to the position of
Executive Vice President, Chief Operating Officer. His official
start date is Jan. 8, 2007. Grossi, most recently Executive Vice
President, Operations, for the Toronto-based commercial real estate
company Cadillac Fairview, replaces outgoing Macerich COO David
Contis, who left the company in October. Grossi will report to
Macerich President and Chief Executive Officer Art Coppola. "We're
very pleased that Tony Grossi is joining Macerich as COO," said Art
Coppola, President and Chief Executive Officer of Macerich. "We've
enjoyed working closely with Tony for a long time through our joint
venture partnerships with Cadillac Fairview, including our
co-ownership of Washington Square in Oregon and Lakewood Center in
the Los Angeles area, and our mutual experience shows that this is
a very good strategic fit." Grossi, a senior executive with
extensive corporate and operational experience in the commercial
real estate sector across Canada, the United States and the United
Kingdom, has spent the majority of his professional career at
Cadillac Fairview. Grossi joined the company in 1985 as a financial
analyst and grew to hold increasingly senior positions there in the
areas of leasing and operations prior to his most recent post as
EVP, Operations, which he has held since 2002. "I've been a fan of
Macerich and have been watching this company continue to grow
through smart strategies and sound execution for quite some time,"
said Tony Grossi. "I've been fortunate to have enjoyed a great
career in the shopping center industry to date and Macerich is a
terrific next step for me. This is a company filled with incredibly
talented people across every discipline, and I'm looking forward to
being part of the Macerich team." Grossi, an active community
member whose many civic involvements include membership in the
Dean's Advisory Council for Ryerson University and serving as a
Finance Committee Member for Northwestern General Hospital, holds
both a BA and MBA from York University in Toronto. Macerich is a
fully integrated self-managed and self-administered real estate
investment trust, which focuses on the acquisition, leasing,
management, development and redevelopment of regional malls
throughout the United States. The company is the sole general
partner and owns an 84% ownership interest in The Macerich
Partnership, L.P. Macerich now owns approximately 79 million square
feet of gross leaseable area consisting primarily of interests in
73 regional malls. Additional information about Macerich can be
obtained from the company's web site at http://www.macerich.com/.
DATASOURCE: Macerich CONTACT: Rebecca Stenholm of Macerich,
+1-602-953-6597 Web site: http://www.macerich.com/
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