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Lisa Palmer is chosen to lead Regency Centers

Martin “Hap” Stein, who has served as CEO of Regency Centers since its initial public offering in 1993, will step down from his position at year’s end and continue as executive chairman of the board.

Replacing Stein in 2020 will be Lisa Palmer, another longtime company hand who joined the company’s investment services department 23 years ago, rising to her current position of president and chief financial officer in 2016. She will be succeeded in the CFO role by Mike Mas.

“Regency’s people are the cornerstone of the company and help us live out our values each and every day. Lisa is the embodiment of those values and is devoted to Regency’s special culture,” said Stein, who noted that Palmer is highly respected in the capital markets.

Lead board director C. Ronald Blankenship lauded Stein for his captaincy of Regency for the past quarter of a century

“The Company’s well-conceived growth through several real estate cycles and the resulting impressive shareholder return is directly attributable to Hap’s far-sighted direction and consistent execution,” Blankenship said.

Regency Centers is one of the nation’s leading operators of open-air shopping centers. It owns and operates 414 properties, with heavy concentrations of centers on both coasts.
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