New York City — The board of directors of Brixmor Property Group Inc. has named industry veteran James (Jim) M. Taylor as CEO and president. Taylor joins Brixmor with more than 20 years of experience in the commercial real estate industry. His appointment will become effective May 20, 2016 and he will join the company's board on June 16, 2016.
Taylor succeeds Daniel B. Hurwitz, who has held the position on an interim basis since February 2016. Hurwitz will continue to serve as a member of the company's board of directors.
Taylor currently serves as executive vice president – chief financial officer and treasurer for Federal Realty Investment Trust. He also is responsible for sourcing and evaluating business development opportunities for Federal Realty's East Coast portfolio, as well as for operational oversight of its Southeast portfolio.
"Jim is a highly accomplished and well regarded real estate executive. He brings to Brixmor a career full of accomplishments including: an extensive knowledge of the shopping center space, strategic planning and operations, leasing and redevelopment; demonstrated transactional expertise; and balance sheet management and exceptional capital markets capabilities. Jim is a proven leader who we feel is uniquely qualified to enhance Brixmor's position within the industry, while maximizing value for shareholders," says John Schreiber, chairman of the Brixmor board.
Brixmor was assisted by the executive search consulting firm Korn Ferry on this appointment.
Brixmor owns and operates the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 518 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Headquartered in New York City, Brixmor is the largest landlord to The TJX Companies and The Kroger Company. For more information, visit www.brixmor.com.
SOURCE: Brixmor Property Group, Inc.