{"id":1004701137,"date":"2024-02-06T05:16:58","date_gmt":"2024-02-06T13:16:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004701137"},"modified":"2024-02-13T12:38:05","modified_gmt":"2024-02-13T20:38:05","slug":"macerich-appoints-president-ceo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/macerich-appoints-president-ceo\/","title":{"rendered":"Macerich Names New President &#038; CEO"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3eddc3173bf&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004701292\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/macerich-appoints-president-ceo\/sfs-lux-exterior-hero-hr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg\" data-orig-size=\"8688,5792\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"SFS LUX Exterior Hero HR\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Macerich currently owns 46 million square feet of real estate consisting primarily of interests in 43 regional town centers.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"200\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?w=300\" alt=\"Exterior of Macerich retail center\" class=\"wp-image-1004701292\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg 8688w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/SFS-LUX-Exterior-Hero-HR.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Macerich currently owns 46 million square feet of real estate consisting primarily of interests in 43 regional town centers. <em>Image courtesy of The Macerich Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Jackson Hsieh has been appointed president &amp; CEO of <strong>The Macerich Co.<\/strong> Hsieh will take on the role on March 1, 2024, following the retirement of Thomas O\u2019Hern, who will continue to serve as advisor to the company until the end of June, to ensure a smooth transition. <strong>Ferguson Partners <\/strong>assisted with the board\u2019s search process for the new CEO.<\/p>\n\n\n\n<p>Jackson Hsieh was previously the president &amp; CEO of <strong>Spirit Realty<\/strong> <strong>Capital<\/strong>. He <a href=\"https:\/\/www.commercialsearch.com\/news\/spirit-realty-capital-trades-for-9-3b\/\">led the merger<\/a> between <strong>Realty Income Corp.<\/strong> and Spirit Realty Capital, initially announced in October last year. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/what-lies-ahead-for-retail-in-2024\/\">What\u2019s Ahead for Retail in 2024?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3eddc3185a3&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignleft size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004701572\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/macerich-appoints-president-ceo\/tom-ohern-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Tom-OHern-resized.jpg\" data-orig-size=\"399,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tom OHern resized\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Thomas O&#8217;Hern will continue to serve as advisor to the company until the end of June. Image courtesy of The Macerich Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Tom-OHern-resized.jpg?w=399\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"300\" width=\"200\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Tom-OHern-resized.jpg?w=200\" alt=\"Headshot of Thomas O'Hern\" class=\"wp-image-1004701572\" style=\"width:186px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Tom-OHern-resized.jpg 399w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Tom-OHern-resized.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Thomas O&#8217;Hern will continue to serve as advisor to the company until the end of June. <em>Image courtesy of The Macerich Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The deal closed in late January, when Realty Income acquired Spirit in an all-stock <a href=\"https:\/\/www.commercialsearch.com\/news\/realty-income-closes-9-3b-acquisition-of-spirit-capital\/\">transaction valued at $9.3 billion<\/a>. Among the company\u2019s other deals, Spirit also sold $4.7 billion in non-core assets and acquired more than $6.2 billion in retail and industrial assets. The company also had $2.9 billion in assets transferred into a separate publicly traded firm.<\/p>\n\n\n\n<p>Spirit Realty\u2019s successful business ventures, along with Jackson Hsieh\u2019s expertise and experience in the real estate sector and investment banking made him the right candidate to assume the CEO position, Thomas O\u2019Hern commented in prepared remarks.<\/p>\n\n\n\n<p>Macerich owns, operates and develops retail assets in key markets across the U.S. The REIT owns interests in 43 regional town centers, totaling 46 million square feet. The company\u2019s footprint includes properties in California, Phoenix\/Scottsdale, the Pacific Northwest and the metro New York to Washington D.C. corridor.<\/p>\n\n\n\n<p>President Edward Coppola will also be retiring from the company, following a 46-year tenure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jackson Hsieh will take on the new role on March 1, 2024. <\/p>\n","protected":false},"author":2829,"featured_media":1004701292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[32958,46856,34525],"class_list":["post-1004701137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail","tag-macerich","tag-realty-income-corporation","tag-spirit-realty-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macerich Names New President &amp; CEO - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Jackson Hsieh has been appointed president &amp; CEO of The Macerich Co. 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