July 15,
2024, NEW GLASGOW, NS /CNW/ - Crombie Real
Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced
changes to its Board of Trustees.
Crombie is pleased to announce Empire Company Limited's
("Empire") appointment of Vivek Sood
to Crombie's Board of Trustees in replacement of Heidi Jamieson-Mills, effective July 15, 2024.
Born in Uganda and raised in
Crombie's hometown of Pictou County, Vivek has spent the last 25
years of his career with Empire and Sobeys Inc., where he held
various senior positions, including Vice President, Finance &
Administration, Senior Vice President, Pharmacy Group, and
Executive Vice President, Related Businesses. Prior to retiring in
July 2024, Vivek was also Executive
Sponsor of Empire's Diversity, Equity, and Inclusion strategy, as
well as for their Enterprise Resource Planning initiative. Vivek
holds a Bachelor of Commerce degree from Dalhousie University and a Master of Business
Administration from Saint Mary's
University. He received his Chartered Financial Analyst
Designation in 2004 and completed the ICD-Rotman Directors
Education Program in 2021.
"On behalf of all Crombie stakeholders, I would like to thank
Heidi for her contributions to Crombie's Board of Trustees during
her tenure," said Jason Shannon,
Board Chair. "Her meaningful insights and rigor as a Trustee will
be missed. We are excited by Vivek's appointment and look forward
to the valuable perspectives and contributions he will bring to the
Board."
Vivek was appointed pursuant to Empire subsidiary ECL
Developments Limited's ("ECL") right under Section 3.8 of Crombie's
Amended and Restated Declaration of Trust to appoint up to four
trustees, based on ECL's current ownership level and size of the
Board.
About Crombie REIT
Crombie invests in real estate with a vision of enriching
communities together by building spaces and value today that leave
a positive impact on tomorrow. As one of the country's leading
owners, operators, and developers of quality real estate assets,
Crombie's portfolio primarily includes grocery-anchored retail,
retail-related industrial, and mixed-use residential properties. As
at March 31, 2024, our portfolio
contains 304 properties comprising approximately 19.2 million
square feet, inclusive of joint ventures at Crombie's share, and a
significant pipeline of future development projects. Learn more at
www.crombie.ca.
SOURCE Crombie REIT