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Tanger Outlets president announces retirement

Tanger Outlets has retained a global search firm to help it find a successor to president and chief operating officer Thomas E. McDonough, who informed the company he would retire at the end of the year.

McDonough joined the nationwide outlet center chain as executive VP of operations in 2010 and was elevated to his current posts in May 2017. Previously, he was co-founder and principal of MHF Real Estate Group, served as chief investment officer at Equity One, and was a partner at Kahl & Goveia.

In a 30-year-plus retail real estate career, the Stanford graduate and Harvard MBA was also employed by Regency Centers and its predecessor, Pacific Retail Trust, as national director of acquisitions and dispositions. He spent 13 years at Trammell Crow, ultimately becoming a partner and principal.

"I want to acknowledge and thank Tom for his many contributions at Tanger over the nine years he was part of the team, and we wish him all the best," said CEO Steven B. Tanger.

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