PREIT announces Ron Rubin will step down as executive chairman

Philadelphia -- PREIT announced that Ron Rubin will step down as the company's executive chairman, a role he's held since 2012, effective June 7, 2016. Rubin will continue in his role as chairman of the board.



"I have benefitted tremendously from Ron's leadership, the invaluable relationships he has created and his real estate savvy,” noted Joe Coradino, CEO for PREIT. “The company values the distinguished service, legacy and spirit established by Ron and will benefit from his continued leadership as chairman of the board."



Rubin, is a highly accomplished and well-known leader in the real estate industry. He served as CEO of PREIT from 1997 to 2012 and in 2001 became chairman of PREIT's Board of Trustees. In addition to serving as a Trustee of the International Council of Shopping Centers, he is the co-chairman of the National Museum of American Jewish History and a director of PECO Energy Company. He has also been actively involved with prominent local organizations in Philadelphia, including as a director of the Regional Performing Arts Center, the past chairman of Center City District, the former president of the Jewish Federation of Greater Pennsylvania, and a former director of The Franklin Institute, the Philadelphia Orchestra, and the United Jewish Appeal.