NEW
YORK, April 11, 2024 /PRNewswire/ -- Brixmor
Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company")
announced today that James M. Taylor Jr., the Company's Chief
Executive Officer and President, is taking a temporary medical
leave of absence, effective April 11,
2024. The Company's Board of Directors appointed
Brian T. Finnegan, the Company's Senior Executive Vice
President, Chief Operating Officer, to also serve as interim Chief
Executive Officer and President until Mr. Taylor's return.
Sheryl M. Crosland, the Company's Chair of the Board, said,
"The Company, including the employees and the Board of Directors,
send our best wishes to Jim and look forward to his return in the
near future. Until then, our Board of Directors is pleased that
Brian, who has excelled in his various executive roles over his 20
years with the Company, including his current role as Chief
Operating Officer, has agreed to step in as interim Chief Executive
Officer and President. I am confident that it will be business as
usual as Brian and the rest of the seasoned senior management team
continue executing on the Company's business plan."
CONNECT WITH BRIXMOR
- For additional information, please visit
https://www.brixmor.com;
- Follow Brixmor on:
- LinkedIn at https://www.linkedin.com/company/brixmor
- Facebook at https://www.facebook.com/Brixmor
- Instagram at https://www.instagram.com/brixmorpropertygroup;
and
- YouTube at https://www.youtube.com/user/Brixmor.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX)
is a real estate investment trust (REIT) that owns and operates a
high-quality, national portfolio of open-air shopping centers. Its
362 retail centers comprise approximately 64 million square feet of
prime retail space in established trade areas. The Company strives
to own and operate shopping centers that reflect Brixmor's
vision "to be the center of the communities we serve" and are home
to a diverse mix of thriving national, regional and local
retailers. Brixmor is a proud real estate partner to over 5,000
retailers including The TJX Companies, The Kroger Co., Publix Super
Markets and Ross Stores.
Brixmor announces material information to its investors in SEC
filings and press releases and on public conference calls, webcasts
and the "Investors" page of its website
at https://www.brixmor.com. The Company also uses social media
to communicate with its investors and the public, and the
information Brixmor posts on social media may be deemed material
information. Therefore, Brixmor encourages investors and others
interested in the Company to review the information that it posts
on its website and on its social media channels.
SAFE HARBOR LANGUAGE
This press release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements include, but are not limited to,
statements related to our expectations regarding the return of our
Chief Executive Officer and other non-historical statements. You
can identify these forward-looking statements by the use of words
such as "outlook," "believes," "expects," "potential," "continues,"
"may," "will," "should," "seeks," "projects," "predicts,"
"intends," "plans," "estimates," "anticipates," or the negative
version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. We believe these factors
include, but are not limited to, those described under the sections
entitled "Forward-Looking Statements" and "Risk Factors" in our
Form 10-K for the year ended December 31,
2023, as such factors may be updated from time to time in
our periodic filings with the Securities and Exchange Commission
(the "SEC"), which are accessible on the SEC's website at
https://www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this press release and
in our periodic filings. The forward-looking statements speak only
as of the date of this press release, and we expressly disclaim any
obligation or undertaking to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments, or otherwise, except to the extent otherwise
required by law.
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SOURCE Brixmor Property Group Inc.