西蒙地产集团 SPG

Effective March 23, 2026, the Board of Directors appointed Eli Simon, age 38, to serve as Chief Executive Officer and President of the Company. Mr. Eli Simon has served as Simon's Chief Operating Officer since 2025. Mr. Simon joined the Company in 2019, leading the company's investment strategy for both real estate and non-real estate investments, including new business sourcing, strategic corporate investments, and the execution of various real estate transactions. Before joining the company, Mr. Simon was the Principal and Head of North American Lodging at Och-Ziff Capital Management and Och-Ziff Real Estate, where he oversaw all lodging related investments, including asset and portfolio acquisitions, operating company investments, and lending opportunities.

Mr. McDade serves as Simon's Executive Vice President and CFO. Mr. McDade has been with Simon or a predecessor entity since 2004, serving as the Director of Capital Markets beginning in 2007 and was promoted to Senior Vice President of Capital Markets in 2013 and Treasurer in 2014. He was promoted to Executive Vice President and CFO in 2018. Mr. McDade obtained a B.S. from Bryant University.

Mr. Rulli serves as Simon's Chief Administrative Officer. Mr. Rulli joined Melvin Simon & Associates, Inc., or MSA, in 1988 and held various positions with MSA and Simon thereafter. Mr. Rulli became Chief Administrative Officerin 2007 and was promoted to Senior Executive Vice President in 2011. Mr. Rulli obtained a B.B.A. from Marshall University.

Effective March 23, 2026, the Board appointed Larry Glasscock to serve as Non-Executive Chairman of the Board. Larry C. Glasscock, Former Chairman of Anthem, Inc., a healthcare insurance company, now known as Elevance Health, Inc. (November 2005 to March 2010). President and Chief Executive Officer of WellPoint, Inc. (2004 to 2007). Previously served as Chairman, President and Chief Executive Officer of Anthem, Inc. from 2003 to 2004 and served as President and Chief Executive Officer of Anthem, Inc. from 2001 to 2003. Previously served as a director of Anthem, Inc., as a director for Sprint Nextel Corporation until 2013, and as a director and non-executive chairman of Zimmer Biomet Holdings, Inc. until 2021. Currently is a director of Sysco Corporation. Served as the Chief Executive Officer of the nation's leading health benefits company for many years. He has experience in leading a large public company, setting and implementing strategic plans, developing and implementing turnaround and growth strategies, and developing talent and participating in successful leadership transitions. Education: Cleveland State University, B.B.A.

Marta R. Stewart, CAREER HIGHLIGHTS: Previously served as Executive Vice President and CFO of Norfolk Southern Corporation (2013 to 2017). Began her career in 1979 at Peat Marwick (a predecessor to KPMG). Joined Norfolk Southern Corporation in 1983 and served in several finance positions before becoming Vice President & Controller in 2003 and then Vice President & Treasurer in 2009. Currently serves on the board of directors for Sherwin-Williams Company, where she serves as the Chair of the Audit Committee and is a member of the Nominating and Corporate Governance Committee. Previously served on the board of directors of The Raytheon Company, where she was a member of the Audit Committee and of the Public Policy and Corporate Responsibility Committee from 2018 to 2020. DIRECTOR QUALIFICATIONS: Mrs. Stewart has more than 35 years of experience in finance and served as CFO for one of the largest railway companies in the world. In that role, Mrs. Stewart gained extensive experience in leadership and management as well as expertise in accounting systems and controls of a Fortune 500 company traded on the NYSE. The Board has determined that Mrs. Stewart is an audit committee financial expert. OTHER CURRENT PUBLIC COMPANY DIRECTORSHIPS: Sherwin Williams Company EDUCATION: The College of William & Mary, B.B.A.

Ms. Glyn F. Aeppel, CAREER HIGHLIGHTS: Currently President and CEO of Glencove Capital, a lifestyle hospitality investment and advisory company that she founded in 2010. Previously served as Chief Investment Officer of Andre Balazs Properties (October 2008 to May 2010). Previously served as Executive Vice President of Acquisitions and Development for Loews Hotels and was a member of its executive committee (April 2006 to October 2008). Previously served as Principal of Aeppel and Associates (April 2004 to April 2006). Previously held executive positions with Le Meridien Hotels, Interstate Hotels & Resorts, Inc., FFC Hospitality, LLC, Holiday Inn Worldwide and Marriott Corporation (prior to April 2004). Currently serves on board of directors of Maui Land & Pineapple Company, Inc., and also AvalonBay Communities, Inc., where she serves on the Investment and Finance Committee and Nominating, Governance and Corporate Responsibility Committee. She also serves on the boards of Exclusive Resorts, LLC, Gilbane Inc., and Concord Hospitality Enterprises. Previously served on the boards of Key Hospitality Acquisition Corporation, Loews Hotels Corporation and Sunrise Senior Living, Inc. DIRECTOR QUALIFICATIONS: Ms. Aeppel has more than 30 years of experience in property acquisitions, development and financing. Ms. Aeppel has experience in both public and private companies focusing on the acquisition, operation and branding of hotel properties, including serving as Chief Investment Officer at Andre Balazs Properties and Executive Vice President, Acquisitions and Development, of Loews Hotel Corporation. OTHER CURRENT PUBLIC COMPANY DIRECTORSHIPS: AvalonBay Communities, Inc. Maui Land & Pineapple Company, Inc. EDUCATION: Principia College, B.A., Harvard Business School, M.B.A.

Ms. Nina P. Jones, CAREER HIGHLIGHTS: Over 15 years of real estate investing experience at T. Rowe Price, a global investment manager with over $1 trillion in assets under management. Currently serves on the Audit Committee and as Chair of the Corporate Governance Committee for Equity Residential. Most recently served as Vice President, Portfolio Manager, of the T. Rowe Price U.S. Real Estate Equity Strategy until her retirement in December 2023. Previously served as portfolio manager of the U.S. Real Estate Equity Strategy (2019 to 2023). Previously served as portfolio manager of the Global Real Estate Equity Strategy (2015 to 2021). Previously served as global team leader for real estate at T. Rowe Price influencing over $50 billion of assets under management across the platform including as an advisory committee member of the Mid-Cap Value, Institutional Large-Cap Value, Global Growth, Global Stock, and Financial Services strategies. Previously served as a Senior Associate in Audit and Risk Advisory for KPMG, earning the CPA designation. DIRECTOR QUALIFICATIONS: Ms. Jones currently is a Trustee of Equity Residential, where she is a member of the Audit Committee and the Chair of the Corporate Governance Committee. She is also a Trustee of Pebblebrook Hotel Trust, where she is a member of the Audit Committee and the Compensation Committee. Ms. Jones is a certified public accountant and has significant experience reviewing financial statements during her tenure with KPMG. She also has extensive experience analyzing and investing in real estate companies. The Board has determined that Ms. Jones is an audit committee financial expert. OTHER CURRENT PUBLIC COMPANY DIRECTORSHIPS: Equity Residential Pebblebrook Hotel Trust EDUCATION: University of Maryland, B.S. Columbia University, M.B.A.

Randall J. Lewis, CAREER HIGHLIGHTS: Mr. Lewis joined Cleveland Avenue in 2020 and is responsible for leading transaction sourcing, due diligence, financial evaluation and portfolio management of the firm's portfolio investments. Currently the Managing Partner for Cleveland Avenue, LLC, a venture capital investment firm that invests in agrifood and beverage, related technologies, and lifestyle related technology investments. He is also a Certified Public Accountant. Previously served his alma mater, Purdue University, as Executive Director for the Krannert Professional Development Center from 2013 to 2020. Currently serves on the board of directors for Guardian Pharmacy Services, where he is Chair of the Audit Committee and a member of the Compensation Committee. Over 35 years of finance, risk management, and operations experience. This includes his years with GE, Wells Fargo and Elevance Health, Inc. (formerly Anthem). While working for these Fortune 500 companies, he held various senior executive roles, including Executive Vice President and Chief Compliance Officer, Executive Vice President and Chief Auditor, Managing Director of Corporate Development, and CEO for a start-up logistics firm which was sold. DIRECTOR QUALIFICATIONS: Mr. Lewis's experience has provided extensive exposure and a high level of familiarity with applicable regulations regarding preparation and review of financial statements. The Board has determined that Mr. Lewis is an audit committee financial expert. OTHER CURRENT PUBLIC COMPANY DIRECTORSHIPS: Guardian Pharmacy Services EDUCATION: Purdue University, B.S., M.B.A.

Gary M. Rodkin, CAREER HIGHLIGHTS: Currently a member of the board of directors of Rutgers University and the Chairman of Feeding America, a national network of food banks. Previously served as CEO and member of the board of ConAgra Foods, Inc. (2005 to May 2015). Previously served as Chairman and CEO of PepsiCo Beverages and Foods North America (February 2003 to June 2005). Joined PepsiCo in 1998, after it acquired Tropicana, where Mr. Rodkin had served as President since 1995. From 1979 to 1995, Mr. Rodkin held marketing and general management positions of increasing responsibility at General Mills, with his last three years at the company as President, Yoplait Colombo. Currently serves on the board of directors of McCormick & Company, Incorporated, where he is a member of the Compensation and Human Capital Committee. He served as a director of ConAgra Foods, Inc. from 2005 to 2015 and Avon Products, Inc. from 2008 to 2016. DIRECTOR QUALIFICATIONS: Mr. Rodkin has extensive experience in the leadership and management of a large, packaged food company and expertise in branding and marketing of food and food service operations globally as the former CEO of ConAgra Foods, Inc. OTHER CURRENT PUBLIC COMPANY DIRECTORSHIPS: McCormick & Company Incorporated EDUCATION: Rutgers University, B.S. Harvard Business School, M.B.A.

Peggy Fang Roe, CAREER HIGHLIGHTS: Since 2023, serves as Executive Vice President and Chief Customer Officer for Marriott International. Responsible for Marriott's Global Customer Group overseeing the management of Marriott's Portfolio of 30+ Brands and Experiences, Customer Experience Design and Innovation, Global Marketing, Data and Martech, The Marriott Bonvoy Loyalty Program, Partnerships, New Businesses, and the Worldwide Customer Engagement Centers. Joined Marriott International in 2003 and has served in several positions before being named Executive Vice President and Chief Customer Officer, including Global Officer, Customer Experience, Loyalty & New Ventures, Chief Sales and Marketing Officer Asia Pacific, Global Operations, Global Brand Marketing and Brand Management. Currently the Executive Sponsor of the Women's Associate Resource Group at Marriott International and served as a board member of the Hong Kong chapter of the Asian University of Women in Bangladesh. Currently serves as the Board Chair for the Marriott-Alibaba joint venture and serves on the Board of Directors of the Association of National Advertisers. DIRECTOR QUALIFICATIONS: Ms. Roe has more than 20 years of experience in the hotel industry and serves as EVP and Chief Customer Officer for the largest global hospitality company in the world. In that role, Ms. Roe gained experience in globalization, leadership, and management. EDUCATION: University of Michigan, B.A. Harvard Business School, M.B.A.

Richard S. Sokolov, CAREER HIGHLIGHTS: Served as Vice Chairman of the Company since February 2019, a director of the Company or its predecessor since 1996 and President and COO of the Company or its predecessor from 1996 to February 2019. He also served as President and CEO of DeBartolo Realty Corporation from its incorporation in 1994 until it merged with our predecessors in 1996. Mr. Sokolov joined its predecessor, The Edward J. DeBartolo Corporation, in 1982 as Vice President and General Counsel and was named Senior Vice President, Development and General Counsel in 1986. DIRECTOR QUALIFICATIONS: Mr. Sokolov is a past Chairman of the International Council of Shopping Centers (ICSC) and previously served as a trustee and a member of the ICSC Nominating Committee. Mr. Sokolov previously served as a director of Washington Prime Group. Mr. Sokolov has been a member of The Pennsylvania State University Board of Trustees since 2022 and Vice Chairman of that Board since November 2024. EDUCATION: The Pennsylvania State University, B.A., Georgetown University Law Center, J.D.

Mr. Frey serves as Simon's Treasurer and Executive Vice President. Mr. Frey joined Simon in 2010 and most recently served as Simon's Assistant Treasurer and Senior Vice President prior to his current position which he was promoted to in 2022. Before joining Simon, Mr. Frey was an attorney with Alston & Bird LLP and Dechert LLP.

On February 5, 2026, the Board of Directors of the Company appointed Mr. Martin J. Cicco to the Board, effective as of February 5, 2026. Mr. Cicco has over 45 years of real estate and capital markets experience, including initiating Evercore Partners' Real Estate Strategic Advisory practice after founding MJC Associates. Prior to joining Evercore, Mr. Cicco spent 29 years at Merrill Lynch & Co., ultimately serving as Vice Chairman of Global Commercial Real Estate and Global Head of Real Estate Investment Banking. He currently is a Senior Advisor to Lightstone. Mr. Cicco has served on the advisory boards of the Columbia Business School's Paul Milstein Center for Real Estate, the University of Wisconsin's James A. Graaskamp Center for Real Estate, and the Wharton School's Samuel Zell and Robert Lurie Real Estate Center. He is an active member of the National Association of Real Estate Investment Trusts and the Real Estate Roundtable. Mr. Cicco earned his undergraduate degree from Columbia College.