MAC - The Macerich Company Announces CEO Change | Benzinga
Tom O'Hern to Retire as Chief Executive Officer of The Macerich Company
Jackson Hsieh Named as Successor
SANTA MONICA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE:MAC) (the "Company") today announced that Jackson Hsieh will become the President and Chief Executive of Macerich on March 1, 2024, following the retirement of Thomas O'Hern after 30 years of service to the Company. Mr. O'Hern will serve as an advisor to the Company through June 30, 2024, to ensure a smooth transition. Mr. Hsieh's appointment as President and Chief Executive Officer follows an extensive search process by the Board with the assistance of Ferguson Partners, a prominent global executive recruitment firm.
Steven Hash, Chairman of the Board of Macerich said, "Jackson is a seasoned real estate executive, and he is an outstanding choice to succeed Tom. Most recently Jackson was the President & Chief Executive Officer of Spirit Realty Capital where he led the successful merger of Spirit with Realty Income Corporation through an all-stock transaction valued at an enterprise value of approximately $9.3 billion. The merger with Realty Income followed Spirit's successful sale of $4.7 billion in non-core assets, including the spin-off of approximately $2.9 billion in assets into a separate publicly traded company and acquired over $6.2 billion in retail and industrial assets to create a high-quality diversified real estate portfolio. Prior to Spirit, Jackson spent over 25 years in Global Lodging and Real Estate Investment Banking, having successful careers at a number of prestigious investment banks."
"I am very pleased to welcome Jackson to Macerich," added Mr. O'Hern. "His decades of real estate experience, both as a REIT ...