Overview
- David Simon, the longtime chairman and CEO of Simon Property Group who died Sunday after cancer, was confirmed dead by the company on Monday.
- Eli Simon, the late executive’s eldest son, was appointed CEO and president and will remain chief operating officer, while director Larry Glasscock became non-executive chairman.
- Under David Simon, the retail REIT grew through more than $40 billion in acquisitions to roughly 250 properties and over 200 million square feet across North America, Europe, and Asia.
- The company credited his strategy of upgrading malls into experience-led destinations and buying stakes in distressed retailers to keep stores open and protect property values.
- Family statements noted he is survived by his wife Jackie, five children, and seven grandchildren, with memorial donations directed to the Anti-Defamation League, American Jewish Committee, UJA-Federation of New York, and the Foundation to Combat Antisemitism.