GREENSBORO, N.C., July 29, 2019 /PRNewswire/ -- Tanger Factory
Outlet Centers, Inc. (NYSE: SKT) today announced that Luis A.
Ubiñas has been appointed to its Board of Directors, effective
July 29, 2019. Mr. Ubiñas'
appointment, along with the recent addition of Susan E. Skerritt, represents the board's
focused effort to refresh the composition of the board.
Furthermore, the Company's three longest serving
independent directors, Allan L.
Schuman, William G. Benton,
and Thomas E. Robinson, will retire from the board at the
end of their current term in May, 2020 and not stand for
re-election. In May of this year, as part of the board's
chair rotation practice, David B.
Henry was appointed to the role of Non-Executive Chair of
the Board, replacing Thomas J.
Reddin.
"Our focus on Board composition reflects Tanger's thoughtful
approach and commitment to ongoing board refreshment and
diversification," said David B.
Henry, Non-Executive Chair of the Board. "With these
changes, Tanger has further increased the diversity of our board in
terms of gender, ethnicity, and career experience."
Mr. Ubiñas is a well-known leader in the telecommunication,
technology, and media industries. He has advised CEOs of Fortune
100 companies and significant nonprofit organizations for several
decades, including previously serving as President of the Ford
Foundation. Mr. Ubiñas has deep experience serving on the
Boards of Directors in both public and private companies. His
public company experience includes Electronic Arts (EA), Boston
Private Financial Holdings, and CommerceHub. Previously, Mr.
Ubiñas was a Senior Partner and head
of the Media Practice at McKinsey & Company and on the board of Valassis Communications.
Mr. Ubiñas is currently President of the Board of Trustees of
the Pan American Development Foundation, a board member and chair of the finance
committee of the New York Public Library, and is on the Advisory Board of the United
Nations Fund for International Partnerships. He received an MBA
from Harvard Business School, where he graduated as a Baker
Scholar, and earned an AB from Harvard College, where he
graduated magna cum laude and was named a Truman and John Winthrop
Scholar.
"We are pleased to have Luis join the Tanger Board," said
Steven B. Tanger, Chief Executive
Officer. "His board experience, coupled with his proven track
record of success, will complement the existing strengths of our
Board. He is a proven strategic thinker and change agent with deep
experience in the marketing and media arenas. His contributions and
guidance will be key as we continue to enhance the expertise,
experience and skills required to oversee the organization's
strategies to deliver long-term value for our stakeholders."
About Tanger Factory Outlet Centers, Inc.
Tanger
Factory Outlet Centers, Inc. (NYSE: SKT), is a publicly-traded REIT
headquartered in Greensboro, North
Carolina that presently operates and owns, or has an
ownership interest in, a portfolio of 39 upscale outlet shopping
centers. Tanger's operating properties are located in 20 states and
in Canada, totaling approximately
14.3 million square feet, leased to over 2,800 stores which are
operated by more than 500 different brand name companies. The
Company has more than 38 years of experience in the outlet
industry. Tanger Outlet Centers continue to attract more than 181
million visitors annually. For more information on Tanger Outlet
Centers, call 1-800-4TANGER or visit the Company's website at
www.tangeroutlets.com.
CONTACT:
Cyndi Holt
Vice President of Investor Relations
(336) 834-6892
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SOURCE Tanger Factory Outlet Centers, Inc.