- Slice of Retail
- Posts
- ShopOne Centers REIT Announces Leadership Transition
ShopOne Centers REIT Announces Leadership Transition
Slice of Retail Team
July 07, 2024
Key Highlights:
John Roche transitions from CEO to Chairman.
Chris Reed named new CEO of ShopOne Centers REIT.
Mike Makinen promoted to President.
ShopOne has a strategic joint venture with Pantheon.
Focus on grocery-anchored shopping centers.
Source (Business Wire)
Notable Quotes:
“It has been an absolute honor to serve as CEO of ShopOne and oversee a strategy that has resulted in significant value for our institutional partners and the communities we serve.”
“I want to thank John and the rest of the Board for the opportunity to serve as the next CEO of ShopOne. I am excited to build upon the foundation he – along with our Board – has laid out to position our Company for even stronger growth ahead.”
“When John approached the Board about transitioning out of the CEO role, we immediately identified Chris as the ideal candidate to take over the position.”
Our Take:
ShopOne Centers REIT's recent leadership transition reflects a strategic move to leverage the extensive experience and expertise of its key executives. With John Roche's shift to Chairman, the company will continue to benefit from his strategic vision. Chris Reed’s appointment as CEO marks a continuation of his successful tenure at the company, promising a focused approach on enhancing portfolio value and expanding their grocery-anchored centers. Mike Makinen’s promotion to President further solidifies a leadership team poised to navigate and capitalize on favorable market conditions. This transition underscores ShopOne's commitment to sustained growth and value creation for its institutional partners and the communities it serves.