Simon Property Group Announces Retirement of Herbert Simon

Core Viewpoint - Herbert Simon, Chairman Emeritus of Simon Property Group, has retired effective February 4, 2025, marking a significant transition in the company's leadership [1]. Group 1: Leadership Transition - Herbert Simon co-founded Simon Property Group 65 years ago and has played a crucial role in its growth into a respected real estate company [2]. - David Simon, who has been CEO since 1994, expresses gratitude for Herbert Simon's contributions and anticipates continued growth for the company [2]. Group 2: Company Overview - Simon Property Group is a real estate investment trust (REIT) that owns premier shopping, dining, entertainment, and mixed-use destinations, and is part of the S&P 100 [3]. - The company's properties across North America, Europe, and Asia serve as community gathering places and generate billions in annual sales [3].