RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

January 09, 2008 08:51 ET

RioCan Real Estate Investment Trust Announces Senior Vice President and Chief Financial Officer Appointment

TORONTO, ONTARIO--(Marketwire - Jan. 9, 2008) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to announce the appointment of Mr. Raghunath ("Rags") Davloor as Senior Vice President and Chief Financial Officer ("CFO") effective February 11, 2008. Mr. Davloor is an accomplished executive and brings more than 25 years of real estate, management, finance, accounting and tax experience to RioCan.

Most recently Mr. Davloor was the Vice President and Director of Investment Banking for TD Securities Inc. Prior to this he worked with O&Y Properties Inc. and O&Y Real Estate Investment Trust for 10 years in a number of progressive positions, ultimately becoming CFO. Mr. Davloor received his initial training at Arthur Anderson & Co. where he spent 8 years in audit, tax and advisory roles.

"We are delighted that Rags has accepted our offer to become Senior Vice President and CFO of RioCan. His experience and knowledge will be a valued addition to our senior management team," said Edward Sonshine, Q.C., President and Chief Executive Officer of RioCan. "He is well known to the RioCan team and will be able to make immediate and long term contributions to our activities."

About RioCan

RioCan is Canada's largest real estate investment trust with a total market capitalization of approximately $7.4 billion. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 212 retail properties, including 11 under development, containing an aggregate of over 53 million square feet. For further information, please refer to RioCan's website at www.riocan.com.

Contact Information

  • RioCan Real Estate Investment Trust
    Edward Sonshine, Q.C.
    President & CEO
    (416) 866-3018
    Website: www.riocan.com