Last week, Regency’s Board of Directors announced that Lisa Palmer will transition out of her role as Chief Financial Officer and become President and Chief Executive Officer, effective January 1, 2020. A valued member of the Regency team since 1996, Lisa’s steadfast commitment to service, growth and leadership in various capacities — from Senior Manager of Investment Services, to Senior Vice President of Capital Markets — make her a seamless fit for this well-deserved role.
Standing (l-r): Nick Wibbenmeyer, John Delatour, Mike Mas, Craig Ramey, Alan Roth
Following this transition, Martin E. “Hap” Stein, Jr. will move from Chairman and Chief Executive Officer to Executive Chairman. Additionally, Jim Thompson will become Executive Vice President, Chief Operating Officer, and Mac Chandler will become Executive Vice President, Chief Investment Officer.
Lisa has a deep understanding of the key aspects of our business, our strategy, and our vision to be the preeminent national shopping center owner, operator, and developer,” Stein said. “She is highly respected in the capital markets, by those with whom she has worked within the shopping center industry, and, importantly, by fellow members of Regency’s wonderful team. I am extremely confident in Regency’s future in the talented hands of Lisa Palmer.
Palmer will be the 26th female S&P500 CEO.
Prior to joining the Regency team, Palmer worked as a consultant with Accenture (formerly Andersen Consulting Strategic Services) and as a financial analyst for General Electric. Currently, she serves as a director and chairperson of the compensation committee, a member of the audit committee of ESH Hospitality, Inc., an owner/operator of hotels and the subsidiary of Extended Stay America, Inc., and on the board of directors at Brooks Rehabilitation. She is also a director for the Jax Chamber and the United Way of Northeast Florida, an advisory board member for the Florida Institute of CFOs, an executive board member of NAREIT, a member of ULI, and a member of the ICSC.
I am honored to have the opportunity to lead Regency Centers,” Palmer said. “I am truly humbled by the confidence Hap and the Board of Directors have placed in me. I’d also like to congratulate Mike Mas on his well-deserved promotion to Chief Financial Officer. Mike brings a wealth of industry expertise, knowledge, and strong relationships within the investment community to that role. Regency is well-positioned for the future, and I look forward to working closely – not only with Mike – but with Mac, Jim, and our outstanding team in continuing to grow shareholder value and building upon the great Company that we are today because of Hap and all of the leaders that have come before me.