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Simon Property Group Announces Retirement of Herbert Simon

1. Herbert Simon, Chairman Emeritus, retires in February 2025. 2. David Simon highlights SPG's growth and future potential under his leadership. 3. SPG is one of the most respected companies in real estate. 4. Simon has been a successful REIT focusing on mixed-use destinations.

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FAQ

Why Bullish?

Leadership change may affirm SPG's growth trajectory, similar to past strong CEO transitions.

How important is it?

The announcement reflects significant leadership continuity that impacts investor confidence in SPG.

Why Long Term?

Positive leadership continuity suggests strategic stability and future growth potential for SPG.

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SPG
, /PRNewswire/ -- The Board of Directors of Simon Property Group, Inc. (NYSE: SPG) today announced that Herbert Simon Chairman Emeritus of the Board of Directors has retired effective February 4, 2025. Herbert Simon stated, "Mel and I started our real estate journey 65 years ago having no idea where it would take us. Simon has grown to be one of the most respected and successful companies in the world. With David's leadership as CEO starting 30 years ago in 1994, I expect that SPG will continue to grow and prosper for many years to come. I look forward to watching its continued success with all the future opportunities brought its way." David Simon, Chairman, Chief Executive Officer and President, stated, "Our Company has benefited greatly from Herb's unique knowledge and experience as one of our co-founders, and I thank him immensely on behalf of myself, the Board, our management team and more than 3,600 employees." About SimonSimon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. SOURCE Simon WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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