Beachwood, Ohio -- DDR has named a new financial chief, and the shopping center company reached from within its own ranks for the appointment. Luke J. Petherbridge, age 35, assumes the role of CFO and treasurer, effective immediately.
"Luke is an accomplished executive with a proven track record within our company, overseeing the balance sheet, fostering strong banking and capital partner relationships, and sourcing large scale transactions during his tenure with us," said David Oakes, president and CEO.
Petherbridge joined DDR as senior VP of capital markets in December 2011, and most recently held the role of executive VP of capital markets and treasurer. He previously served as CEO of EDT Retail Trust (formerly Macquarie DDR Trust).