OPERATIONS

New CEO set to take reins of American Eagle Outfitters

BY Staff Writer

New York City — As was previously announced, American Eagle Outfitters Inc. longtime chief executive James O’Donnell will step down Saturday and be replaced by former Levi’s executive Robert Hanson.

O’Donnell, 70, said early last year he planned to retire. Hanson was named as his successor in November.

In addition, Jay Schottenstein, non-executive chairman, has become executive chairman.

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OPERATIONS

Regency Centers announces executive management changes

BY Staff Writer

Jacksonville, Fla. — Regency Centers Corp. announced changes in its executive management team. Bruce Johnson, executive VP and CFO has announced that he will retire at the end of 2012. Effective with his retirement, Lisa Palmer, senior VP of capital markets, will succeed him as CFO.

“In her 15 years with Regency Lisa has amassed impressive skills from her key roles in capital markets, investor relations, and with our institutional partners. It was an easy and natural decision for me after learning of Bruce’s decision to select Lisa as Regency’s next CFO,” said Martin “Hap” Stein, Jr., Regency Centers chairman and chief executive officer.

Palmer joined Regency in 1996 and has served as its senior VP since 2003.

Regency is the leading national owner, operator, and developer of grocery-anchored and community shopping centers. At September 30, 2011, the company owned 367 retail properties.

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OPERATIONS

Target’s Steinhafel elected chairman of RILA board of directors

BY Staff Writer

Naples, Fla. — The Retail Industry Leaders Association (RILA) announced the election of Gregg Steinhafel, chairman, president CEO of Target Corp., as chairman of its board of directors.

“I am grateful for the opportunity to serve as chairman of this exceptional group of industry leaders,” said Steinhafel. “Along with the rest of the Board of Directors, I value RILA and its efforts to champion issues that affect our industry, our workforce and our customers.”

Steinhafel, who previously served as the Board’s vice chairman, succeeds Bill Rhodes, chairman, president CEO, AutoZone, who has served as chairman since 2010. Rhodes will remain a member of the Board’s Executive Committee, serving as immediate past chair.

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