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SITE Centers Announces CFO Transition

BEACHWOOD, Ohio--(BUSINESS WIRE)--

SITE Centers Corp. (SITC) announced the resignation of Executive Vice President, Chief Financial Officer and Treasurer, Matthew Ostrower, effective on November 27, 2019, to pursue a new opportunity. Following his departure, Mr. Ostrower will be replaced by Conor Fennerty, who joined SITE Centers in April 2017, serving since then as Senior Vice President of Capital Markets responsible for capital raising activities and management of the Company's financial planning and analysis functions.

“I congratulate Matt on his new opportunity and thank him for his meaningful contributions to SITE Centers where he has been an instrumental player and executive partner in our repositioning of the Company since early 2017,” said David R. Lukes, Chief Executive Officer. “We are extremely fortunate to have a natural successor in Conor, who has extensive real estate capital markets experience and has been an invaluable contributor at SITE Centers over the last nearly three-year period as well as a key leader in our numerous capital markets transactions over that time period.”

Prior to joining SITE Centers, Mr. Fennerty was a Vice President, Senior Analyst at BlackRock, Inc., a global funds manager. He was also an Analyst at Cohen & Steers Capital Management, a specialist asset manager focused on real assets, and prior to that was a member of the global investment research division of Goldman Sachs. He earned a B.S.B.A. with a major in finance from Georgetown University.

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191106005976/en/