TORONTO, ONTARIO--(Marketwire - June 10, 2010) -
Attention Business and Real Estate reporters
Editors Note: There are two photos included with this Press Release.
Robert W. Korthals, Chairman of the Board for The Cadillac Fairview Corporation Limited, is pleased to announce the appointment of John M. Sullivan to the post of President and Chief Executive Officer, effective January 1, 2011.
Before joining Cadillac Fairview in July 1998 as Senior Vice President, Office Development, John had built an impressive career in the real estate industry holding senior positions with a number of high profile companies. John was promoted to Executive Vice President, Development in November 2006 where he led all areas relating to development, construction and architecture & design.
John holds a Master of Business Administration from McGill University and a Bachelor of Civil Engineering from Concordia University and recently completed the Advanced Management Program at Harvard Business School.
Peter Sharpe, who has served as the President and CEO of Cadillac Fairview for ten years, has announced that he will be retiring on December 31, 2010 to allow for a smooth leadership transition.
Mr. Sharpe has enjoyed a truly distinguished career in the real estate industry and in addition to his current role, served as the Global Chairman of the International Council of Shopping Centers over the past year.
After 26 impressive years, delivering outstanding results for Cadillac Fairview and leading the company for ten years, Mr. Sharpe decided that the time was right. He has been working closely with the Board on succession over the past two years. Mr. Sharpe will continue in an advisory capacity with Cadillac Fairview after stepping down from his current role until October 2011.
Mr. Sharpe joined Cadillac Fairview in 1984 as Vice President of Property Management in charge of the Canadian office portfolio and later assumed responsibility for the retail properties in 1988. He was promoted to Executive Vice President, Property Operations in 1996 and became President & CEO in March 2000 when the Ontario Teachers' Pension Plan Board purchased 100 per cent of the company.
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management.
Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $17 billion and nearly 50 million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 83 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre.
Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 289,000 active and retired teachers in Ontario. For more information, please visit us at cadillacfairview.com.
To view the photos included with this release, please visit the following links: