Taubman Centers, Inc. (NYSE: TCO) announced that Peter Sharp has resigned as president of Taubman Asia. Sharp had held the position since January 2017.
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Paul Wright (Photo: Business Wire)
“We thank Peter for his contributions and his steadfast commitment to driving the company’s growth in Asia,” said Robert Taubman, chairman, president and CEO of Taubman. “We wish him well in his new endeavors.“
Paul Wright, executive vice president and global head of Leasing, will be promoted to president of Taubman Asia effective January 1, 2020. He is relocating to Hong Kong and will then report to Taubman Chairman, President and CEO Robert Taubman.
“Paul’s significant relationships with global retailers and partners, and his knowledge of the Asia market, has been an important part of our business in the U.S. and abroad,” said Mr. Taubman. “This promotion is the natural next step for Paul, and his competencies will be essential as we prepare to open Starfield Anseong in South Korea in 2020 and evaluate other opportunities in the region.”
Mr. Wright reports to the company’s Chief Operating Officer William Taubman. After this transition, Mr. William Taubman will maintain ultimate responsibility for the global leasing function, continuing the company’s legacy of developing and leasing best-in-class retail assets that are the most productive in the publicly held mall sector.(opened April 28, 2016) and CityOn.Zhengzhou (opened March 16, 2017), as well as Starfield Hanam in South Korea (opened Sept. 9, 2016). Mr. Wright also led Taubman’s successful leasing efforts for IFC Mall in South Korea, a center for which Taubman Asia previously provided leasing and management services. He was promoted to his current role and began working at Taubman’s Bloomfield Hills, Mich., office in early 2017. In the U.S., Mr. Wright’s accomplishments have included the successful leasing efforts for the company’s most recent redevelopment projects - Beverly Center in Los Angeles and The Mall at Green Hills in Nashville.
Prior to joining Taubman Asia, Mr. Wright worked with Citta Management Limited where he was responsible for leasing, property management and retail operations at the Taipei 101 Mall. He also held management roles with Lendlease Corporation in Asia and Jones Lang Wootton in Perth and Sydney. A native of Australia, Mr. Wright speaks Mandarin Chinese and English. He is a member of the International Council of Shopping Centers.
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.
For ease of use, references in this press release to “Taubman Centers”, “we”, “us”, “our”, “company”, “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.
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You should review the company's filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.