Summary
This 8-K filing from Simon Property Group, Inc. (SPG) primarily reports on a planned leadership transition within the company's legal department. James M. Barkley, the current General Counsel and Secretary, is set to retire from his executive role effective January 1, 2017. However, Mr. Barkley will continue to provide valuable experience as "of counsel" to Chairman and CEO David Simon. The filing also announces the appointment of Steven E. Fivel as the successor General Counsel and Secretary, also effective January 1, 2017. Mr. Fivel brings extensive experience to the role, having previously served the company and held significant legal positions at BrightPoint, Inc. Additionally, Alexander Snyder has been appointed Assistant General Counsel and Assistant Secretary, bolstering the company's legal team. These personnel changes indicate a strategic internal promotion and the continued focus on experienced leadership within SPG's operations.
Key Highlights
- 1James M. Barkley, General Counsel and Secretary, will retire from his executive role effective January 1, 2017.
- 2Mr. Barkley will transition to an "of counsel" position, reporting directly to CEO David Simon.
- 3Steven E. Fivel will assume the roles of General Counsel and Secretary starting January 1, 2017.
- 4Mr. Fivel has a combined 14 years of experience with Simon Property Group and prior executive legal experience.
- 5Alexander Snyder has been appointed Assistant General Counsel and Assistant Secretary.
- 6Mr. Snyder joined SPG in May 2016 and has prior experience in M&A and corporate governance from previous roles.