BEACHWOOD, Ohio, Jan. 31, 2017 /PRNewswire/ -- DDR Corp. (NYSE: DDR) today announced that Jane E. DeFlorio, lead independent director of Perry Ellis International, Inc., has been appointed to the Company's Board of Directors, effective immediately.
Ms. DeFlorio is a seasoned investment banker who has extensive experience advising mid- to large-cap retail and e-commerce clients on shareholder value creation strategies, mergers and acquisitions, capital structure, and product and market expansion initiatives. Ms. DeFlorio was a former managing director in the U.S. Retail and Consumer Investment Banking Group with Deutsche Bank Securities. Prior to her time at Deutsche Bank, Ms. DeFlorio served as an executive director in investment banking at UBS, where she advised a wide range of mid- to large-cap retail and consumer clients. Previously, she served as a vice president in investment banking at Morgan Stanley & Co., where she specialized in advising e-commerce companies.
In her current role at Perry Ellis, Ms. DeFlorio serves on the audit, governance and investment committees of the board. Ms. DeFlorio also serves on several non-profit boards, including as vice chair of the Board of Trustees and chair of the audit and risk committee at The New School University, and as a member of the board of governors at The Parsons School of Design. She earned a bachelor's degree in mechanical engineering from the University of Notre Dame, and an MBA from Harvard University.
"We are extremely pleased to have Jane join our board. Given her diverse background in finance and retail, Jane will be a valuable resource for both the board and management in this rapidly evolving retail environment," said Tom August, president and chief executive officer of DDR.
Terrence R. Ahern, chairman of the board, added, "DDR is intently focused on assisting our tenants to provide the best retail experience for their customers. One way we do this is by attracting persons with deep retailing expertise to both our board and management team. Jane is exactly the type of retail professional to fill that role and we are excited for her to join us."
About DDR Corp.
DDR is an owner and manager of 319 value-oriented shopping centers representing 106 million square feet in 35 states and Puerto Rico. The Company's assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.
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SOURCE DDR Corp.