David Joseph To Head Taubman Leasing

Apr 08, 2013, 14:49 ET from Taubman Centers, Inc.

BLOOMFIELD HILLS, Mich., April 8, 2013 /PRNewswire/ -- Taubman Centers, Inc. (NYSE: TCO) announced today that David S. Joseph II, age 42, will join the company as senior vice president, leasing, effective the end of April.  David will take over leasing responsibilities from William S. (Bill) Taubman, who has been acting head of leasing since July, 2012.  Bill will continue in his role as chief operating officer of the company in charge of development, leasing and center operations.

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"Leasing is a critical function for us, and we are delighted to find an executive of David's caliber to head up our leasing efforts," said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers

David comes to Taubman after 12 years at Walton Street Capital, where most recently as principal, he was responsible for identifying retail acquisitions and the overall strategic management of Walton's retail properties.  Previously, he served as vice president, leasing at Urban Retail Properties in Chicago and as a leasing associate at Faison Associates in Charlotte, N.C.

In addition to his extensive real estate experience, David holds a master of science degree in real estate from the University of Wisconsin and a bachelor of science degree in business administration from Saint Louis University.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing Taubman Prestige Outlets Chesterfield in Chesterfield, Mo.; The Mall at University Town Center in Sarasota, Fla.; The Mall of San Juan in San Juan, Puerto Rico; and shopping malls in Xi'an and Zhengzhou, China and Hanam, South Korea.  Taubman Centers is headquartered in Bloomfield Hills, Mich. and Taubman Asia, the platform for Taubman Centers' expansion into China and South Korea, is headquartered in Hong Kong.  Founded in 1950, Taubman has more than 60 years of experience in the shopping center industry.  For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to "Taubman Centers," "company," "Taubman" or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management's current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.  You should review the company's filings with the Securities and Exchange Commission, including "Risk Factors" in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

SOURCE Taubman Centers, Inc.