NEW
YORK, July 31, 2023 /PRNewswire/ -- Brixmor
Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company")
announced today the appointment of JP Suarez, retired Executive
Vice President, Regional Chief Executive Officer and Chief
Administration Officer, Walmart International, to the Company's
board of directors. Mr. Suarez brings over 30 years of experience
in leadership roles in the global retail, environment, and gaming
sectors.
As Executive Vice President, Regional Chief Executive Officer
and Chief Administration Officer, Walmart International from
2018 to 2023, Mr. Suarez was a member of Walmart's International
Division Executive Committee and led a team of more than 2,000
employees. He previously served as Executive Vice President and
President, Realty Division, Walmart US from 2015 to 2018 and held a
variety of other executive positions since joining Walmart in 2004,
including Senior Vice President, Realty, Construction, and
Strategy; Senior Vice President, Business Development, Walmart
International; Senior Vice President and General Counsel, Walmart
International; Senior Vice President, Chief Compliance Officer; and
Vice President and General Counsel, SAM'S Club. Earlier in his
career, he was nominated by President Bush and confirmed by the
U.S. Senate to serve as the U.S. EPA Assistant Administrator,
Office of Enforcement and Compliance Assurance and was the chief
enforcement officer overseeing New
Jersey's gaming industry. Mr. Suarez currently serves
on the board of directors of Massmart, Inc, which was previously
listed on the Johannesburg Stock Exchange, and on the ICSC Board of
Trustees.
"JP is a distinguished leader with significant retail, real
estate and legal expertise and deep experience in strategy, talent
development and performance management across large, global retail
organizations. His broad skillset will be invaluable as we continue
to deliver under our value add strategy," said James Taylor, President and Chief Executive
Officer. "We are excited by the perspectives JP will bring to our
board as he joins our talented, diverse and engaged group of
directors."
CONNECT WITH BRIXMOR
- For additional information, please visit
https://www.brixmor.com;
- Follow Brixmor on:
-
- LinkedIn at https://www.linkedin.com/company/brixmor
- Facebook at https://www.facebook.com/Brixmor
- Instagram at https://www.instagram.com/brixmorpropertygroup;
and
- YouTube at https://www.youtube.com/user/Brixmor.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a
real estate investment trust (REIT) that owns and operates a
high-quality, national portfolio of open-air shopping centers. Its
365 retail centers comprise approximately 65 million square feet of
prime retail space in established trade areas. The Company strives
to own and operate shopping centers that reflect Brixmor's vision
"to be the center of the communities we serve" and are home to a
diverse mix of thriving national, regional and local
retailers. Brixmor is a proud real estate partner to over
5,000 retailers including The TJX Companies, The Kroger Co., Publix
Super Markets and Ross Stores.
Brixmor announces material information to its investors in SEC
filings and press releases and on public conference calls, webcasts
and the "Investors" page of its website at https://www.brixmor.com.
The Company also uses social media to communicate with its
investors and the public, and the information Brixmor posts on
social media may be deemed material information. Therefore, Brixmor
encourages investors and others interested in the Company to review
the information that it posts on its website and on its social
media channels.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements include, but are not limited to, statements related to
our expectations regarding the performance of our business, our
financial results, our liquidity and capital resources, and other
non-historical statements. You can identify these forward-looking
statements by the use of words such as "outlook," "believes,"
"expects," "potential," "continues," "may," "will," "should,"
"seeks," "projects," "predicts," "intends," "plans," "estimates,"
"anticipates," or the negative version of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. We
believe these factors include but are not limited to those
described under the section entitled "Risk Factors" in our Form
10-K for the year ended December 31,
2022 and in this report, as such factors may be updated from
time to time in our periodic filings with the Securities and
Exchange Commission (the "SEC"), which are accessible on the SEC's
website at https://www.sec.gov. These factors include (1) changes
in national, regional, and local economies, due to global events
such as international military conflicts, international trade
disputes, a foreign debt crisis, foreign currency volatility, or
due to domestic issues, such as government policies and
regulations, tariffs, energy prices, market dynamics, general
economic contractions, rising interest rates, inflation,
unemployment, or limited growth in consumer income or spending; (2)
local real estate market conditions, including an oversupply of
space in, or a reduction in demand for, properties similar to those
in our Portfolio (defined hereafter); (3) competition from other
available properties and e-commerce; (4) disruption and/or
consolidation in the retail sector, the financial stability of our
tenants, and the overall financial condition of large retailing
companies, including their ability to pay rent and/or expense
reimbursements that are due to us; (5) in the case of percentage
rents, the sales volumes of our tenants; (6) increases in property
operating expenses, including common area expenses, utilities,
insurance, and real estate taxes, which are relatively inflexible
and generally do not decrease if revenue or occupancy decrease; (7)
increases in the costs to repair, renovate, and re-lease space; (8)
earthquakes, wildfires, tornadoes, hurricanes, damage from rising
sea levels due to climate change, other natural disasters,
epidemics and/or pandemics, civil unrest, terrorist acts, or acts
of war, any of which may result in uninsured or underinsured
losses; and (9) changes in laws and governmental regulations,
including those governing usage, zoning, the environment, and
taxes. These factors should not be construed as exhaustive and
should be read in conjunction with the other cautionary statements
that are included in this report and in our other periodic filings.
The forward-looking statements speak only as of the date of this
report, and we expressly disclaim any obligation or undertaking to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments, or otherwise,
except to the extent otherwise required by law.
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SOURCE Brixmor Property Group Inc.