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Rubin steps down as chairman of PREIT


Ron Rubin resigned his post as chairman of the board of PREIT and will be succeeded in that role by CEO Joseph Coradino. His departure was expected, having been announced last month.

Rubin assumed the chief executive’s role of the Philadelphia-based developer in 1997, when The Rubin Organization merged with PREIT and became chairman of its board of trustees in 2001. His accomplishments include the redevelopment of notable Philadelphia-area retail properties including the Willow Grove Park, Cherry Hill, and Plymouth Meeting malls.

Rubin was a prominent figure in the Philadelphia community, having served as a director of the Regional Performing Arts Center, a chairman of Center City District, and president of the Jewish Federation of Greater Pennsylvania. He currently serves as co-chairman of the National Museum of American Jewish History and as a director of PECO Energy Company.

"All of the members of the board wish to extend their gratitude to Mr. Rubin for his service to the company as chairman and for his years of remarkable dedication and leadership. We expect that he will continue as a board member,” said M. Walt D'Alessio, PREIT's lead independent trustee.

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