DDR Appoints New Director

Developers Diversified Realty Corporation (DDR - Analyst Report), a leading real estate investment trust (REIT), has recently appointed a new Director on its board following the resignation of Dean S. Adler. 

Adler has resigned from the board of the company citing personal reasons. In his place, Developers Diversified has appointed James C. Boland. With his appointment, the company has brought on board key management experience from diverse sectors to bring a fresh perspective and dynamism to the company. 

Boland has extensive knowledge in accounting and was associated with Ernst & Young – a leading global professional services firm – for 34 years. He also served as a member of the firm’s management committee from 1988 to 1997. Subsequently, he served as the President, CEO, and Vice Chairman of Cavaliers Operating Company, which owns and operates the Cleveland Cavaliers professional basketball team and its home court, Quicken Loans Arena. 

Boland also serves as a Director on the board of The Sherwin-Williams Company (SHW - Analyst Report) – a leading manufacturer of coatings for plastics, metal, and wood. In addition, he is the lead Director of Invacare Corporation (IVC - Snapshot Report) – the world’s leading wheelchair manufacturer, and The Goodyear Tire & Rubber Company (GT - Analyst Report) – one of the world’s largest tire companies. 

Developers Diversified specializes in the acquisition, ownership, development, redevelopment, leasing, and management of shopping centers and business centers. The company owns and manages 690 retail operating (including joint ventures) and development properties spanning approximately 151 million square feet of real estate in 45 states in the US, Puerto Rico, Brazil, Russia and Canada.

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