Simon Property Group Announces Retirement of Allan B. Hubbard

Rhea-AI Summary

Simon Property Group (SPG) announced that Independent Director Allan B. Hubbard will retire effective May 14, 2025, and will not seek re-election to the Board of Directors at the upcoming Annual Meeting. Hubbard, who joined the Board in 2009, served on key committees including the Compensation and Human Capital Committee and the Governance and Nominating Committee.

During his 16-year tenure, Hubbard contributed to Simon's growth through his leadership roles in corporate governance, oversight, and strategic direction. David Simon, Chairman, CEO and President, expressed gratitude for Hubbard's distinguished service and leadership on the Board.

INDIANAPOLIS, March 20, 2025 /PRNewswire/ -- Simon^®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that one of its longest tenured Independent Directors, Mr. Allan B. Hubbard, is retiring, effective May 14, 2025, and will not stand for re-election to the Board of Directors of Simon Property Group, Inc. at Simon's^® upcoming Annual Meeting.

Mr. Hubbard joined the Board in 2009 and will leave behind a remarkable legacy of leadership and commitment to the Company. Throughout his tenure, Mr. Hubbard played an integral role in Simon's^® growth, providing valuable insight and guidance to the Board. He served on various key committees, including the Compensation and Human Capital Committee and the Governance and Nominating Committee and was a steadfast advocate for corporate governance, responsible oversight, and strategic direction.

"We are deeply grateful for Al's years of leadership and distinguished service to the Board," said Mr. David Simon, Chairman, Chief Executive Officer and President of Simon Property Group. "While we will miss his presence on the Board, we wish him the very best in his retirement and are confident that the foundation he helped build will continue to guide us forward."

Mr. Hubbard added, "It has been an honor to serve on the Board of such a dynamic and forward-thinking company. I am proud of what we have accomplished together, and I have great confidence in the leadership team and the continued growth of Simon^®."

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

When will Allan B. Hubbard retire from Simon Property Group's (SPG) Board of Directors?

Allan B. Hubbard will retire from SPG's Board effective May 14, 2025.

How long did Allan B. Hubbard serve on Simon Property Group's (SPG) Board?

Hubbard served on SPG's Board for 16 years, having joined in 2009.

What committees did Allan B. Hubbard serve on at Simon Property Group (SPG)?

Hubbard served on the Compensation and Human Capital Committee and the Governance and Nominating Committee.

Will Allan B. Hubbard stand for re-election at Simon Property Group's (SPG) upcoming Annual Meeting?

No, Hubbard will not stand for re-election at SPG's upcoming Annual Meeting.