Tanger Outlets Appoints Leslie Swanson as Executive Vice President of Operations
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has appointed Leslie Swanson as Executive Vice President of Operations, effective immediately.
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Rhea-AI Summary
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has appointed Leslie Swanson as Executive Vice President of Operations, effective immediately. Swanson will oversee Tanger's outlet portfolio, enhancing operational strategies and driving revenue opportunities. Reporting directly to Stephen Yalof, President and COO, she brings over 25 years of experience in shopping center management, notably achieving eight consecutive years of NOI growth at Simon Premium Outlets. Swanson expressed excitement about leveraging her expertise to foster growth and operational efficiencies at Tanger.
Positive
- Leslie Swanson's extensive experience indicates strong leadership potential.
- Her previous record of eight years of NOI growth signifies her capability in driving revenue.
Negative
- Leadership transition may raise concerns about continuity in strategic direction.
Details
News Market Reaction – SKT
The recorded move for SKT in the trading session of this news was +3.81%.
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GREENSBORO, N.C., Oct. 1, 2020 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leader in the outlet industry, today announced the appointment of Leslie Swanson as Executive Vice President of Operations. In this role, she will be responsible for overseeing the operations of Tanger's outlet portfolio, including planning and execution of operational strategies, driving center occupancy and developing new revenue opportunities. Swanson will report directly to Stephen Yalof, President and Chief Operating Officer.
"I am delighted to welcome Leslie to the team," said Mr. Yalof. "She is a proven team builder, revenue generator and thought leader. We look forward to benefiting from her experience in delivering top-line results and operational efficiencies while inspiring and empowering the teams she leads."
"I have always admired the Tanger brand and its leading position in the outlet industry," said Ms. Swanson. "I am excited to join the organization to help continue to build on Tanger's excellent platform. I believe there is a tremendous opportunity to realize additional growth and efficiencies."
Swanson brings over 25 years of experience in shopping center operations, management and marketing. Prior to joining Tanger, she served as Executive Vice President of Property Management for Simon Premium Outlets where she oversaw eight straight years of NOI growth and added 12 new and 15 expanded centers to that portfolio over the same period. She is a graduate of Illinois State University, where she earned her Bachelor of Arts and Science degree in Public Relations and Organizational Communication Psychology.
About Tanger Factory Outlet Centers, Inc.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 38 upscale outlet shopping centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores which are operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company's website at www.tangeroutlets.com.
Media Contact Information
Quentin Pell
VP, Corporate Communications and Enterprise Risk Management
336-834-6827
quentin.pell@tangeroutlets.com
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SOURCE Tanger Factory Outlet Centers, Inc.
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