- After almost eight years in the position
- Good wishes for Taylor
- Brian Finnegan taking over temporarily
(exechange) — New York, April 11, 2024 — Jim Taylor, chief executive of Brixmor, takes a medical leave of absence. As announced by Brixmor Property Group Inc. in a news release and in a regulatory filing published on Thursday, April 11, 2024, James M. (Jim) Taylor leaves his post as chief executive officer at the real estate investment trust, after almost eight years in the role, effective immediately.
Jim Taylor’s duties as CEO will be taken over temporarily by Brian T. Finnegan, previously Chief Operating Officer at Brixmor Property Group Inc., as interim Chief Executive Officer.
“Temporary medical leave of absence”
Brixmor said: “James M. Taylor Jr., the Company’s Chief Executive Officer and President, is taking a temporary medical leave of absence, effective April 11, 2024.”
Share price increase since April 2023
The announcement follows an increase in Brixmor Property Group Inc.’s share price of 1% since April 2023.
In the position of CEO since 2016
Jim Taylor became CEO of the Company in 2016.
Taylor was appointed Chief Executive Officer of Brixmor Property Group in May 2016 and to the Company’s Board of Directors in June 2016.
Prior to joining Brixmor, Taylor served as Executive Vice President – Chief Financial Officer and Treasurer for Federal Realty Investment Trust (NYSE:FRT), where he was also responsible for sourcing and evaluating business development and strategic opportunities for Federal Realty’s east coast portfolio, as well as for operational oversight of its southeast portfolio.
As a member of Federal Realty’s executive and investment committees, he contributed to developing and executing its corporate strategy.
From 1998 until joining Federal Realty in 2012, Taylor was a Senior Managing Director and the head of real estate investment banking at Eastdil Secured / Wells Fargo, where he successfully completed over $100 billion of public debt and equity offerings, M&A transactions, asset and portfolio sales, private equity placements, mortgage financings, and bank loans for his real estate clients.
Taylor is the Chairman of ICSC and serves on the Executive Board of Nareit.
He is also a member of the Urban Land Institute (ULI).
No statement by Jim Taylor
In the release announcing his temporary medical leave of absence, Jim Taylor received good wishes.
The announcement of his departure as CEO does not include a statement by Jim Taylor.
The above text is an excerpt from the exechange report 16.2024 ($), publication date April 15, 2024.