NEW YORK, May 13, 2013 /PRNewswire/ -- Brixmor Property Group (the "Company" or "Brixmor"), a leading owner and operator of community and neighborhood shopping centers located throughout the U.S., today announced the appointment of Michael V. Pappagallo as President & Chief Financial Officer, effective May 20, 2013. Mr. Pappagallo will play an integral role in the execution of Brixmor's long-term business and capital markets strategy. In addition, he will lead the Company's finance and accounting teams, as well as have functional oversight of its property operations, information technology, acquisitions / dispositions and investor relations efforts.
"With over 30 years of financial and real estate experience, Mike brings considerable operational expertise, deep capital markets knowledge and extensive retailer and industry relationships that will benefit our organization," said Michael Carroll, Chief Executive Officer of Brixmor. "We are excited to have someone of his caliber join our team to oversee the positioning of our capital structure and continued financial performance as we prepare for the next steps of our evolution and continue to build a best-in-class portfolio and organization. I am confident his contributions will have an immediate positive impact."
Mr. Pappagallo commented, "I have been impressed with Brixmor's progress over the past few years as it has aggressively invested in the business, repositioned the portfolio and strengthened its brand. I look forward to sharing my background and experience with the senior management team as we work together to maximize the Company's full potential and position it for long-term success."
Mr. Pappagallo most recently served as Chief Operating Officer of Kimco Realty Corporation (NYSE: KIM) where he was responsible for directing the strategic and day-to-day activities of the company's shopping center business in addition to overseeing the organization's strategic planning activities. Prior to assuming the role of COO, he served as Kimco's Chief Financial Officer from 1997 through 2010. Prior to his time at Kimco, Mr. Pappagallo served as Chief Financial Officer of G.E. Capital's Commercial Real Estate Financing business, and held various other financial and business development positions, and as a Senior Manager in the audit group of KPMG, LLP.