The International Council of Shopping Centers, Inc. (ICSC) has announced that William S. Taubman, COO, Taubman Centers, Inc. (NYSE: TCO) has been elected by the ICSC Board of Trustees to serve as the association’s chairman for the 2010-2011 term. Mr. Taubman officially assumed his role as chairman on May 23, 2010 during RECon, ICSC’s annual meeting in Las Vegas. Succeeding Peter Sharpe, president and CEO of The Cadillac Fairview Corporation Limited, Mr. Taubman is the association’s 51 st chairman.

Mr. Taubman has been an active and dedicated member of ICSC since February 1992 and was elected to ICSC’s Board of Trustees in 2006.

“Having literally grown up in the shopping center industry, I am deeply honored and very grateful to the Board of Trustees for the opportunity to serve this distinguished organization,” said Taubman. “This is a time of great change and challenge for our industry, and the ICSC plays an important role in assuring that the shopping center, in all its contemporary formats, remains the relevant, resilient institution it has been for the last half century. The well-conceived shopping center - - with the jobs it creates, the services it provides, the consumer choice it offers, and the public revenues it generates - - continues to be a powerful force for societal good, and I look forward to telling our story over the coming year,” Taubman added.

“With his operational and financial experience, Mr. Taubman’s background is ideal to serve as the head of our association in the coming year,” said Michael P. Kercheval, ICSC's president and CEO. “Mr. Taubman’s vast industry knowledge makes him uniquely qualified to guide the world's largest retail real estate association as the industry slowly emerges from the grips of the global recession,” Kercheval said. “I, along with our Board of Trustees look forward to working with him this coming year,” added Kercheval.

William S. Taubman is chief operating officer of Taubman Centers. He is responsible for development, operations and leasing, and also serves as a director for the company. He joined the company in 1986 from Oppenheimer & Co., Inc. in N.Y., where he was a financial analyst specializing in mergers and acquisitions. He is a graduate of Brown University, where he received a bachelor's degree in Philosophy of Religion and Russian Studies. He also holds a master's degree in Philosophy from Corpus Christi College of Cambridge University, Cambridge, England. A member of ULI, and NAREIT, Mr. Taubman is Chairman of New Detroit and serves on the board of governors of the Museum of Arts & Design in New York.

About Taubman Centers, Inc.

Taubman Centers is a real estate investment trust engaged in the development, leasing and management of regional and super regional shopping centers. Taubman's 26 U.S. owned, leased and/or managed properties, the most productive in the industry, serve major markets from coast to coast. Taubman Centers is headquartered in Bloomfield Hills, Michigan and its Taubman Asia subsidiary is headquartered in Hong Kong. Founded in 1950, Taubman celebrates its 60 th anniversary in 2010. For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to “Taubman Centers”, “company” or “Taubman” mean Taubman Centers, Inc. or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself.

About ICSC

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 55,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information visit www.icsc.org.

Copyright Business Wire 2010