Overview
- Simon Property Group said Monday that David Simon died Sunday at 64 after cancer, ending a three-decade run leading the retail real estate investment trust.
- The board named his son, Eli, CEO and president effective Monday, while he continues as chief operating officer and a director.
- Lead independent director Larry Glasscock was appointed non-executive chairman of the board.
- Under David Simon, the company grew to stakes in more than 250 properties totaling over 200 million square feet across North America, Europe and Asia, and shareholders saw roughly 4,500% total return since the 1993 IPO.
- The family asked for privacy and directed memorial gifts to the Anti-Defamation League, the American Jewish Committee, UJA-Federation of New York and the Foundation to Combat Antisemitism.