Taubman Centers Announces René Tremblay as President, Taubman Asia

Oct 19, 2010, 05:00 ET from Taubman Centers, Inc.

BLOOMFIELD HILLS, Mich., Oct. 19 /PRNewswire-FirstCall/ -- Taubman Centers, Inc. (NYSE:  TCO) is pleased to announce the appointment of René Tremblay as President, Taubman Asia.  Tremblay will be responsible for Taubman’s operations and future expansion in the Asia-Pacific region.  

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Tremblay comes to Taubman with over 30 years in the real estate industry, having been involved in international investment for almost 20 years.  He most recently served as executive vice president, real estate and president of the real estate group of Caisse de dépot et de placement du Québec, one of the ten largest real estate portfolios in the world. Prior to that, as president and CEO with Ivanhoe Cambridge from 1995 to 2009, he oversaw the acquisition and integration of Cambridge Shopping Centres, and developed and executed a successful strategy of major international expansion in markets such as Brazil, Poland, France, Scotland, Spain and China.  Previous work experience also includes Simpson-Sears, Campeau Corp., Westcliff Group, SITQ Immobilier and Cadim International. Tremblay served as worldwide chairman of the International Council of Shopping Centers from 2007 to 2008.

“We are thrilled to welcome René to Taubman.  His extensive experience in the real estate and shopping center industry, particularly his previous leadership roles in international expansion, will further enhance our efforts in Asia,” said Robert S. Taubman, chairman, president and CEO of Taubman Centers. “We look forward to René bringing his expertise to build our business in Asia.”

“I am excited to be a part of the Taubman team, and am enthusiastic about the opportunities ahead in Asia,” said Tremblay.  Tremblay’s appointment is effective immediately.  He will be based in Taubman Asia’s regional headquarters in Hong Kong and be living in Hong Kong by year-end.

Taubman Asia, formed in 2005, provides leasing and management services for IFC Mall in Yeouido, Seoul, South Korea. Taubman Asia is engaged in projects that leverage Taubman’s strong retail planning, design and operational capabilities. The team is expected to consist of almost 30 employees in Hong Kong and Korea by the end of the year.

Taubman Centers is a real estate investment trust engaged in the development, leasing and management of regional and super regional shopping centers. Taubman's 26 U.S. owned, leased and/or managed properties, the most productive in the industry, serve major markets from coast to coast. Taubman Centers is headquartered in Bloomfield Hills, Michigan and its Taubman Asia subsidiary is headquartered in Hong Kong. Founded in 1950, Taubman celebrates its 60th anniversary in 2010. For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to “Taubman Centers”, “company” or “Taubman” mean Taubman Centers, Inc. 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.

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. Actual results may differ materially from those expected because of various risks and uncertainties, including, but not limited to the continuing impacts of the U.S. recession and global credit environment, other changes in general economic and real estate conditions, changes in the interest rate environment and the availability of financing, and adverse changes in the retail industry. Other risks and uncertainties are discussed in the company's filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K.

SOURCE Taubman Centers, Inc.