Site Centers announced that in anticipation of the planned spin-off of Curbline Properties, Gary Boston, John Cattonar, and Cynthia Foster Curry have been appointed to the SITE Centers Board of Directors effective on the date immediately preceding the spin-off’s closing, currently expected to be October 1, 2024. Following these appointments and the expected resignation of the six current independent directors who will join the Curbline Board of Directors as outlined in CURB’s publicly filed Registration Statement on Form 10, the SITE Centers Board of Directors will have five members including David Lukes and Dawn Sweeney, who is expected to be named Chair of the Board. Additionally, Gerald Morgan joined SITE Centers in September and will be appointed as CFO upon the closing of the spin-off transaction, replacing Conor Fennerty who will join Curbline as its CFO. Previously, Morgan served as the CFO of Four Corners Property Trust, a public REIT focused on net lease properties in the restaurant and retail industries, from 2015 through April 2024. The SITE Centers leadership team is also expected to include General Counsel Aaron Kitlowski and Chief Accounting Officer Jeffrey Scott who joined the company in October 2017 and December 2007, respectively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITC:
- SITE Centers Executives Transition to Curbline in Spin-Off Strategy
- Site Centers updates on Q3 transaction/financing activity
- Site Centers price target raised to $58 from $56 at Truist
- Site Centers price target raised to $64 at Evercore ISI
- Site Centers price target raised to $68 from $64 at Wells Fargo
