Simon® Promotes Stanley Shashoua to President of International Real Estate

Rhea-AI Summary

Simon (NYSE:SPG) announced on October 15, 2025 that Stanley Shashoua has been promoted to President of International Real Estate. In this role, he will oversee Simon's international real estate portfolio, including 26 International Premium Outlets, the company's ownership stake in Klépierre, and McArthurGlen Investments. Mr. Shashoua has served as a Supervisory Board member of Klépierre since 2015 and will continue to oversee Simon's special corporate investments. Company leadership framed the promotion as recognition of his role advancing the international real estate strategy.

Positive

• Oversight of 26 International Premium Outlets
• Ownership stake in Klépierre included in responsibilities
• Includes McArthurGlen Investments under remit
• Klépierre Supervisory Board member since 2015
• Will continue overseeing special corporate investments

Negative

• None.

News Market Reaction – SPG

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-0.91% Session close to close

In the Oct 16 session, SPG declined 0.91%, reflecting a mild negative market reaction.

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INDIANAPOLIS, Oct. 15, 2025 /PRNewswire/ -- Simon^®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that Stanley Shashoua has been promoted to President of International Real Estate.

In this role, Mr. Shashoua will oversee Simon's international real estate portfolio, which includes 26 International Premium Outlets, our ownership stake in Klépierre SA, and our McArthurGlen Investments. Mr. Shashoua currently serves as a Supervisory Board member of Klépierre, a position he has held since 2015. Stanley will continue to oversee our special corporate investments.

"Stanley has played a pivotal role in advancing our international real estate strategy and is uniquely qualified for this position," said David Simon, Chairman, Chief Executive Officer and President.

About Simon
Simon ^® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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SOURCE Simon

FAQ

Who is Stanley Shashoua and what is his new role at Simon (SPG)?

Stanley Shashoua was promoted to President of International Real Estate on October 15, 2025, overseeing Simon's international portfolio.

What international assets will Stanley Shashoua oversee at Simon (SPG)?

He will oversee 26 International Premium Outlets, Simon's ownership stake in Klépierre, and McArthurGlen Investments.

How long has Stanley Shashoua served on Klépierre's Supervisory Board before his promotion at Simon (SPG)?

He has served as a Klépierre Supervisory Board member since 2015.

Will Stanley Shashoua keep any existing responsibilities after the promotion at Simon (SPG)?

Yes, he will continue to oversee Simon's special corporate investments following the promotion.

When was Simon's promotion of Stanley Shashoua to President of International Real Estate announced?

The promotion was announced on October 15, 2025.