Equity One Names David Lukes CEO - Qucik Facts

(RTTNews) - Equity One Inc. (EQY) said that David Lukes, 44, will join the Company no later than May 31, 2014 as an Executive Vice President and will become its Chief Executive Officer upon the departure of Jeffrey Olson later this year.

Lukes brings extensive experience in all aspects of real estate development and operations, and most recently served as President and CEO of Sears Holdings Corporation affiliate Seritage Realty Trust. Lukes' past experience includes serving from 2010 to 2012 as the President and CEO of Mall Properties, Inc., a privately owned real estate firm based in New York. From 2002 to 2010, he worked in various senior management positions at Kimco Realty Corporation, the largest owner and operator of retail shopping centers in North America, including service as its Chief Operating Officer from November 2008 to April 2010.

Lukes will succeed Olson, who the Company previously announced will not be renewing his employment agreement at the end of 2014.

The company also announced that Chief Financial Officer Mark Langer has extended his employment agreement through June 30, 2015.