Jun
21
WP Glimcher CEO Steps Down
ByAlong with Michael Glimcher’s resignation, the company plans to remove reference to the family from its name.
WP Glimcher caused a stir this week with its Monday evening announcement that CEO Michael Glimcher has stepped down, also resigning from his positions as vice chairman of the shopping center REIT. Louis Conforti, a current director of the company, will serve as interim CEO.
The Columbus, Ohio-based REIT was formed in 2015 when Washington Prime bought Glimcher Realty Trust for $4.3 billion. As CPE previously reported, when Washington Prime was spun off from Simon Property Group in May 2014, its leaders were looking to acquire and redevelop assets with strong cash flow, seeing those opportunities in acquiring Glimcher Realty….
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