Overview

• The company promoted Eli Simon to chief operating officer, filling a role vacant since 2019 and positioning him in the succession pipeline under CEO David Simon.
• Jonathan Murphy and Eric Sadi were named co-presidents of North American Real Estate, overseeing the company’s malls, mills and premium outlets and leading asset management and leasing strategies.
• In the second quarter the company reported net income of $556.1 million, funds from operations of $1.15 billion and occupancy at 96 percent, highlighting the resilience of its retail portfolio.
• The board issued a statement stressing its commitment to talent evaluation and succession planning to maintain leadership stability during CEO David Simon’s cancer treatment.
• Eli Simon’s elevation builds on his 2019 appointment as executive vice president and chief investment officer, underlining continuity in the firm’s investment strategy.