Regency Centers Announces COO Retirement and Succession Plan
April 12 2022 - 8:00AM
Regency Centers Corporation (“Regency” or the “Company”)
(Nasdaq:REG) today announced forthcoming changes to its executive
management team. Jim Thompson, Executive Vice President and Chief
Operating Officer, has announced his retirement, effective December
31, 2022. Concurrently, the Company is pleased to announce the
following executive management promotions, effective January 1,
2023:
- Alan
Roth, currently Senior Managing Director, East Region, will become
Executive Vice President, National Property Operations and East
Region President. Alan will be responsible for operations strategy
and processes nationally, as well as overseeing execution of the
operations and investment strategies in our Northeast and Southeast
regions.
- Nick
Wibbenmeyer, currently Senior Managing Director, West Region, will
become Executive Vice President, West Region President. Nick will
be responsible for investment and development strategy and
processes nationally, as well as overseeing execution of the
operations and investment strategies in our West and Central
regions.
“Jim embodies Regency’s special culture every
day, and I’m proud to call him a mentor and a friend. He leaves
behind a legacy that will endure in how we will continue to operate
our business going forward,” said Lisa Palmer, President and Chief
Executive Officer. “We are so lucky to have two proven veterans in
Alan and Nick, who have worked alongside Jim as regional leaders
for many years. I’m looking forward to a seamless transition as
they both take on national strategic responsibilities, and to
working with them even more closely as we continue to grow and
thrive as a best-in-class owner, operator and developer of open-air
shopping centers.”
“Jim has been an important partner to me over
his more than 40 years as a leader within the organization, and I’m
grateful to him for helping build Regency into the company it is
today. His experience throughout real estate cycles, along with his
industry expertise and reputation, have been vital to our success,”
said Hap Stein, Executive Chairman. “Alan and Nick are indicative
of Regency’s deep bench of talented leaders, having already had an
immense impact on how we run our business.”
Alan Roth is currently Senior Managing Director
of the East Region for Regency Centers, prior to which he was
Managing Director of the Northeast, Mid-Atlantic and Southeast
Regions. Alan has held various other leadership positions at the
Company, including Senior Vice President and Senior Market Officer
for the Mid-Atlantic and Northeast portfolio, and Vice President
and Regional Officer. Alan joined Regency as a Leasing Agent in
1997 through the acquisition of Midland Development Group.
Nick Wibbenmeyer is currently Senior Managing
Director of the West Region for Regency Centers, prior to which he
was Managing Director of Florida and the Midwest Region. Nick has
held various other leadership positions at the Company, including
Senior Vice President and Senior Market Officer, Vice President and
Market Officer, and Vice President of Investments. Nick joined
Regency in 2005 as Manager of Investments for the Upper
Midwest.
About Regency Centers Corporation
(Nasdaq:REG)
Regency Centers is a preeminent national owner,
operator, and developer of shopping centers located in suburban
trade areas with compelling demographics. Our portfolio includes
thriving properties merchandised with highly productive grocers,
restaurants, service providers, and best-in-class retailers that
connect to their neighborhoods, communities, and customers.
Operating as a fully integrated real estate company, Regency
Centers is a qualified real estate investment trust (REIT) that is
self-administered, self-managed, and an S&P 500 Index member.
For more information, please visit RegencyCenters.com.
Christy McElroy904 598
7616ChristyMcElroy@regencycenters.com
Eric Davidson904 598
7829EricDavidson@regencycenters.com
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