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Seritage Will Reorganize Operations Following Review
Seritage Growth Properties said Wednesday it would reorganize its operations following an initial asset-by-asset analysis led by its recently appointed CEO and president, Andrea Olshan.
The company has appointed Mary Rottler as COO; Andrew Galvin as CIO; Eric Dinenberg as EVP of development; and Edouard Cuilhé as chief accounting officer. Seritage is also taking further steps to restructure and realign its personnel throughout the organization.
The Manhattan-based REIT plans to continue its portfolio analysis and finalize plans to optimize the value of its individual property assets through additional leasing to retail tenants, densification of sites, modifications and repurposing for other uses, large-scale redevelopments, partnerships and dispositions.
“Having reviewed our business and strategy with a fresh perspective, it was clear that we needed to realign our human capital and streamline our processes to position ourselves to execute on the exciting opportunity set we have at Seritage,” said Olshan.
Pictured: Andrea Olshan.
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