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Taubman Centers Inc (TCO.N)

TCO.N on New York Stock Exchange

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22 Feb 2018
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Summary

Name Age Since Current Position

Robert Taubman

63 2001 Chairman of the Board, President, Chief Executive Officer

Simon Leopold

49 2016 Chief Financial Officer, Executive Vice President, Treasurer

Peter Sharp

50 2017 President of Taubman Asia Management Limited

William Taubman

58 2005 Chief Operating Officer, Director

Paul Wright

46 2017 Executive Vice President - Global Head of Leasing

David Wolff

47 2015 Vice President, Chief Accounting Officer

Myron Ullman

71 2016 Lead Independent Director

Cia Buckley Marakovits

52 2016 Independent Director

Jerome Chazen

90 1992 Independent Director

Mayree Clark

61 2018 Independent Director

Michael Embler

53 2018 Independent Director

Craig Hatkoff

63 2004 Independent Director

Ronald Tysoe

64 2007 Independent Director

Ryan Hurren

2016 Director - Investor Relations

Biographies

Name Description

Robert Taubman

Mr. Robert S. Taubman serves as Chairman of the Board, President, Chief Executive Officer of Taubman Centers, Inc. Mr. Taubman has been Chairman of the Board, and President and Chief Executive Officer of the Company and the Manager, which is a subsidiary of TRG. He has been Chairman since December 2001 and President and CEO since 1990. He has led the Company as a principal executive officer for 33 years, as a director for 25 years and as Chairman for 16 years. He is a recognized leader in the REIT and regional mall industries.Unique perspective and understanding of the Company's business, culture and history, having led the Company through many economic cycles, internal and external growth and curtailment, global expansion and other key operational and strategic initiatives. His day-to-day leadership of the Company gives him critical insights into the Company's operations, strategy and competition, and allows him to facilitate the Board's ability to perform its critical oversight function. He also works with Comerica Bank and related predecessor boards since 1987 (currently, a member of the Enterprise Risk Committee), Sotheby's Holdings, Inc., the international art auction house, from 2000 through his retirement from the Board in May 2016 (most recently served as Chairman of the Finance Committee). He is a Member and former Trustee of the Urban Land Institute, Member of Executive Board, National Association of Real Estate Investment Trusts, Member and past trustee of the International Council of Shopping Centers and Member of the University of Michigan Investment Advisory Committee for its endowment and is involved in a number of other community and philanthropic organizations.

Simon Leopold

Mr. Simon J. Leopold serves as Chief Financial Officer, Executive Vice President, Treasurer of Taubman Centers, Inc. Mr. Leopold has been Executive Vice President and Chief Financial Officer since January 2016 and Treasurer since September 2012. Mr. Leopold joined the Company in September 2012 as Senior Vice President, Capital Markets and Treasurer, and he became Executive Vice President, Capital Markets and Treasurer in March 2015. Previously, Mr. Leopold spent approximately 13 years as an investment banker, where he served as the managing director in the real estate banking groups at Deutsche Bank (1999 to 2011), KBW (2011 to 2012) and UBS in 2012. Earlier in his career, Mr. Leopold worked in New York City government in a variety of urban planning and economic development positions in the Office of the Mayor, Department of City Planning and the city’s Economic Development Corporation. He is a member of the National Association of Real Estate Investment Trusts, the International Council of Shopping Centers and the Urban Land Institute.

Peter Sharp

Mr. Peter J. Sharp serves as President of Taubman Asia Management Limited of the Company effective from January 1, 2017. Mr. Sharp joined Taubman in January 2017 from his position as president of Walmart Asia Realty where he oversaw the company’s owned Asia real estate portfolio and mall developments, Sam’s Club as well as aspects of business planning, real estate and realty partnerships since 2011. In addition to leading real estate for the region since joining in 1997, he also led mergers and acquisitions integration for South Korea in 1999 and Japan from 2002 to 2008. A 20-year veteran of Walmart International, Mr. Sharp led the retailer’s expansion in China and entry into India, Japan and South Korea.

William Taubman

Mr. William Stuart Taubman serves as Chief Operating Officer, Director of Taubman Centers, Inc. Mr. Taubman is Chief Operating Officer of the Company, appointed in 2005, and served as Executive Vice President of the Company from 1994 to 2005. Mr. Taubman is also the Executive Vice President of the Manager, a position he has held since 1994. His responsibilities include the overall management of the development, leasing, and center operations functions. He held various other positions with the Manager prior to 1994. He is a Member of the Board and the Executive Committee of the International Council of Shopping Centers and was a past Chairman of the board, Member of the Urban Land Institute and the National Association of Real Estate Investment Trusts, Chairman of New Detroit, Leadership Advisory Board Member for the A. Alfred Taubman Medical Research Institute, Board of trustees for the Museum of Arts & Design in New York. He has led the Company as a principal executive for 23 years and as a director for 17 years.

Paul Wright

Mr. Paul A. Wright serves as Executive Vice President - Global Head of Leasing of the Company. He is Executive Vice President, Global Head of Leasing of the Company and the Manager, a position he has held since April 2017. Mr. Wright was Group Vice President of Leasing for Taubman Asia Management Limited from mid-2006 to March 2017. Prior to the Company, Mr. Wright held senior-level positions with Citta Management Limited and Lendlease.

David Wolff

Mr. David A. Wolff serves as Vice President, Chief Accounting Officer of Taubman Centers, Inc. Mr. Wolff is Vice President, Chief Accounting Officer of the Company and the Manager, a position he has held since March 2015. Mr. Wolff was Vice President, Financial Reporting of the Manager from March 2012 to March 2015. He previously served as Director, Accounting Standards & Compliance of the Manager and in various financial reporting, compliance and technical accounting capacities since joining the Manager in 1997. Prior to joining the Manager, Mr. Wolff was an audit manager at Deloitte & Touche, where he worked for seven years.

Myron Ullman

Mr. Myron E. (Mike) Ullman III, serves as Lead Independent Director of the Company. Mr. Ullman served as Executive Chairman of J.C. Penney Company, Inc., a chain of retail department stores, from August 2015 to August 2016. From April 2013 to August 2015, served as Chief Executive Officer and a member of the Board of Directors of J.C. Penney Company, Inc. Previously served as Executive Chairman of J.C. Penney Company, Inc., from November 2011 to January 2012, and as the Chairman of the Board of Directors and Chief Executive Officer from December 2004 to November 2011. He served as Directeur General, Group Managing Director of LVMH Möet Hennessy Louis Vuitton, a luxury goods manufacturer and retailer, from July 1999 to January 2002. From January 1995 to June 1999, he served as Chairman and Chief Executive Officer of DFS Group Limited, a retailer of luxury branded merchandise. From 1992 to 1995, Mr. Ullman served as Chairman and Chief Executive Officer of R.H. Macy & Co., Inc. He served as the Chairman of the National Retail Federation from 2006 to 2008 and served as the Chairman of the Federal Reserve Bank of Dallas from 2008 to 2015. He currently serves as Lead Independent Director on the Board of Directors of Starbucks Corporation (including service as Chair of the Compensation and Management Development Committee). He has served on the Board of Directors for 11 U.S. and international public companies, including J.C. Penney Company, Inc., Ralph Lauren Corporation, Taubman Centers, Inc., Saks, Inc., R.H. Macy Corporation, LVMH Möet Hennessy Louis Vuitton, and Federated Department Stores, Inc.

Cia Buckley Marakovits

Ms. Cia Buckley Marakovits serves as Independent Director of the company. Ms. Buckley Marakovits is chief investment officer, partner, managing director and a member of the Investment Committee at Dune Real Estate Partners. During her nearly 10 year tenure at Dune, as a key member of the senior team Ms. Buckley Marakovits has been involved in the acquisition of approximately $9 billion in investments across multiple sectors. Prior to joining Dune in 2007, Ms. Buckley Marakovits was the president of the U.S. Fund Business for JER Partners, an affiliate of the J.E. Robert Companies. Ms. Buckley Marakovits joined JER in 1997 and held a variety of positions, including chief financial officer. Before joining JER, Ms. Buckley Marakovits spent nine years in the Real Estate Investment Banking Group of Bankers Trust, where she successfully managed a variety of investments. Ms. Buckley Marakovits is a member of the Urban Land Institute where she is a trustee and a member of the ULI Foundation Board of Directors. She is chair of the Investment Committee, a member of the Audit Committee and active in the Women's Leadership Initiative at ULI. Ms. Buckley Marakovits is a member of the Pension Real Estate Association, serves as a member of Columbia Business School's MBA Real Estate Program Advisory Board and is a member of the Executive Committee of the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School. She is a member of Women Executives in Real Estate ("WX") and was honored as the WX Woman of the Year in 2011. Ms. Buckley Marakovits was selected by PERE as one of the Top Ten Women in Real Estate Private Equity. She also serves on the Board of Trustees of Collegiate School in New York City. Ms. Buckley Marakovits received an M.B.A. from Columbia University and a B.A. from Lafayette College.

Jerome Chazen

Mr. Jerome A. Chazen serves as Independent Director of Taubman Centers, Inc. Mr. Chazen has served as Chairman of Chazen Capital Partners, a private investment company, since 1996 . Chairman Emeritus of Fifth & Pacific Companies Inc. (f/k/a Liz Claiborne, Inc.), a company he founded with three other partners in 1976. Serves as a board member, executive or trustee for numerous educational and charitable organizations. He is founder of the Jerome A. Chazen Institute of International Business, the focal point of all international programs at Columbia University Business School. Significant knowledge of the Company and its culture based on his 25 years of service as a director . In-depth knowledge and expertise in retail shopping, brand marketing, senior leadership, strategic planning, and international business through his development and leadership of Fifth & Pacific Companies Inc. (f/k/a Liz Claiborne, Inc.), which enables him to provide a unique insight to the Company's tenants, centers and international expansion . Significant expertise in entrepreneurship, finance and accounting, executive management, acquisitions and dispositions, and strategic planning through his leadership of Fifth & Pacific Companies Inc. (f/k/a Liz Claiborne, Inc.) and more recently through his private investment entity and numerous charitable organizations.

Mayree Clark

Ms. Mayree C. Clark is appointed as Independent Director of the company effective January 16, 2018. She is an experienced investment professional with strong financial acumen. She has held a number of leadership positions in asset management, mergers and acquisitions, corporate finance, debt capital markets, real estate and other areas relevant to Taubman’s business and operations. Ms. Clark has served as managing partner of Eachwin Capital, LP, an investment management firm, since its founding in 2010. Prior to founding Eachwin Capital, she was a partner with AEA Holdings and a senior advisor to its real estate affiliate, Aetos Capital Asia. Previously, Ms. Clark held numerous positions at Morgan Stanley for more than 20 years, including head of real estate capital markets, global director of research, and chairman of MSCI.

Michael Embler

Mr. Michael J. Embler is appointed as Independent Director of the company effective January 16, 2018. He is a seasoned investment executive with extensive public company board experience. Mr. Embler has significant fiduciary experience, having served as the Chief Investment Officer of Franklin Mutual Advisers LLC (“Franklin”), an asset management subsidiary of Franklin Resources, Inc. Prior to Franklin, he held numerous positions of increasing responsibility culminating as managing director and co-head of a proprietary trading division at Nomura Holdings America, Inc.

Craig Hatkoff

Mr. Craig M. Hatkoff serves as Independent Director of Taubman Centers, Inc. In 2015, Mr. Hatkoff served as an Adjunct Professor at Columbia Business School, where he taught courses on entrepreneurship and innovation. He is Co-founder of the Tribeca Film Festival. Chairman of Turtle Pond Publications LLC, which is active in children's publishing and entertainment and is a private investor in other entrepreneurial ventures. He served as Vice Chairman of Capital Trust, Inc., a real estate investment management company (NYSE) and one of the largest dedicated real estate mezzanine lenders, from 1997 to 2000, and served on the board of directors from 1997 to 2010. From 2002 to 2005, served as a trustee of the New York City School Construction Authority, the agency responsible for the construction of all public schools in New York City. Founder and a managing partner of Victor Capital Group, L.P., from 1989 until its acquisition in 1997 by Capital Trust, Inc. Previously, spent 11 years at Chemical Bank, including as co-head of the real estate investment banking unit, where he was a pioneer in commercial mortgage securitization He serves as a director of SL Green Realty Corp. since January 2011 (a member of the Nominating and Corporate Governance Committee and the Audit Committee).

Ronald Tysoe

Mr. Ronald William Tysoe serves as Independent Director of the Taubman Centers, Inc. Mr. Tysoe was Scripps Networks Interactive, Inc. (spun off from E.W. Scripps Company), a media and broadcasting enterprise, since July 2008 (Chairman of the Audit Committee and a member of the Compensation Committee). Canadian Imperial Bank of Commerce, since February 2004 (Chairman of the Risk Management Committee). Cintas Corporation, since December 2007 (Chairman of the Audit Committee and a member of the Nominating and Corporate Governance Committee). J. C. Penney Company, Inc., since August 2013 (member of the Committee of the Whole, the Finance and Planning Committee and Chairman of the Human Resources and Compensation Committee). Senior Advisor at Perella Weinberg Partners LP, a boutique investment banking firm in New York from October 2006 through September 2007. Vice Chairman, Finance and Real Estate, of Federated Department Stores, Inc. (now Macy's, Inc.), from April 1990 to 2006, including as Chief Financial Officer of Federated from 1990 to 1997. Served on the Federated board of directors from 1988 until 2005. In addition to current boards noted herein, also served as a director of Pzena Investment Management, Inc. from December 2008 to August 2013.

Ryan Hurren

Basic Compensation