#USA #New York #Brixmor #James Taylor #Brian Finnegan

Brixmor Property Group Announces CEO Transition

Brixmor Property Group Inc. (NYSE: BRX) has recently announced a significant leadership transition within its organization. James M. Taylor Jr., who has served as the Chief Executive Officer since 2016, is set to retire from his position effective January 1, 2026. This change comes as the company strategically positions itself for continued growth and innovation in the retail real estate sector.

New Leadership on the Horizon

Brian T. Finnegan, who has a long-standing history with Brixmor, will succeed Taylor as CEO. Currently, Finnegan holds the title of President and Chief Operating Officer and has been in this role since July 2024. His extensive background within Brixmor includes serving as the Executive Vice President and Chief Revenue Officer, as well as the Executive Vice President of Leasing, giving him invaluable insights into the company's operations and strategies.

In response to his upcoming retirement, Taylor expressed his gratitude for the opportunity to lead Brixmor during a transformative time for the company. He remarked on the substantial accomplishments achieved by the Brixmor team and the unwavering support he received from the Board of Directors.

"It has been a privilege to serve as Chief Executive Officer of Brixmor since 2016, and I am proud of our team's significant accomplishments in transforming our portfolio and platform during this time," Taylor commented. He also expressed his confidence in Finnegan’s ability to lead Brixmor to further success.

The Path to Success

The incoming CEO, Brian Finnegan, also conveyed his eagerness to take on this new responsibility. He acknowledged the substantial contributions of Taylor and stressed the importance of maintaining the momentum created under his leadership. Finnegan stated, "I am extremely grateful for Jim's guidance and mentorship and am excited to lead Brixmor into its next chapter of growth building on the foundation that Jim and the team established."

Furthermore, Sheryl M. Crosland, the Chair of the Board, praised Taylor's leadership for successfully driving the company to deliver robust growth while repositioning its portfolio and strengthening its balance sheet. She highlighted the strategic vision that Finnegan has demonstrated over his two decades with the company, which will be essential as Brixmor continues to implement its value-add plan.

A Bright Future Ahead

Brixmor is recognized as a prominent real estate investment trust (REIT) that owns and operates an extensive national portfolio of open-air shopping centers. The company boasts 354 retail centers, encompassing approximately 63 million square feet of prime retail space in established trade areas. Brixmor's mission is to serve as a vibrant part of the communities it operates in, hosting a diverse array of national, regional, and local retailers.

With an eye firmly fixed on the future, Brixmor promotes an inclusive and productive environment for over 5,000 retailers, partnering with industry leaders such as The TJX Companies and Kroger. As the company embarks on this new leadership chapter, both Taylor and the Board have expressed unwavering confidence in Finnegan’s capability to navigate the anticipated challenges and capitalize on emerging opportunities in the retail landscape.

As Brixmor continues to forge its path forward, stakeholders can expect insightful updates and initiatives aimed at enhancing shareholder value and maintaining the company’s reputation as a leader in the retail real estate market. For more detailed information on Brixmor and its future plans, interested parties can visit the company’s website or follow their social media channels, which also serve as platforms for investor relations and public announcements.

Stay Updated with Brixmor

Potential investors and the public should stay engaged with Brixmor through its official channels for the latest developments. By following the company's official website and social media accounts, including LinkedIn, Facebook, Instagram, and YouTube, stakeholders will be well-positioned to receive timely updates and insights into the company’s ongoing endeavors and successes.