GREENSBORO, N.C., Oct. 24, 2010 (GLOBE NEWSWIRE) -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT) and the company's Board of Directors announce the passing of their Founder and Director, Stanley K. Tanger.
Mr. Stanley K. Tanger retired from an active role in the company on August 7, 2009 and resigned the position of Chairman of the Board in September of that year. He was a member of the Board of Directors until his death on October 23, 2010."My father's legacy will be carried forward by all of us at Tanger Outlet Centers. He was an industry pioneer and had a vast knowledge of the company and the outlet industry. We will miss his presence as we open our newest center in Mebane, North Carolina on November 5 th. His vision and entrepreneurship made the company what it is today, one of the most successful REITs in the outlet industry," stated Steven B. Tanger, President and Chief Executive Officer for Tanger Factory Outlet Centers, Inc. "Stanley Tanger's contributions to the industry and to the company he founded will be remembered by all. His bold, dynamic leadership style, enabled him to lead the company to outstanding and consistent returns during his tenure," commented Jack Africk, Interim Non-Executive Chairman of the Board. Mr. Tanger was a member of the Young Presidents' Organization and the World Presidents' Organization. He served as a pilot in WWII and had a lifelong passion for aviation, piloting his own plane for many years. Along with his wife, Doris, he made a lifelong commitment to philanthropy. He was honored by the American Cancer Society with the prestigious "Excalibur Award" seven times from 1994 to 2004. He generously donated to Duke University, supported the Duke Comprehensive Cancer Center, Duke Eye Center and the Iron Dukes and was a major donor to the Moses Cone Cancer Care Center expansion. Mr. Tanger donated the Tanger Family Bicentennial Garden and numerous sculptures in the garden to the City of Greensboro. He received the McIver Medal from the University of North Carolina at Greensboro in 2010, along with the Ben Cone Award from the Greensboro Jewish Federation.
Mr. Tanger was an Eagle Scout and was awarded the Silver Beaver Award in 2004. In 2000, he donated Lake Tanger to the Old North State Council for the North Carolina Boy Scout Camp.About Tanger Factory Outlet Centers, Inc. Tanger Factory Outlet Centers, Inc., (NYSE:SKT) is a publicly traded REIT headquartered in Greensboro, North Carolina that operates and owns or has ownership interests in, a portfolio of 32 outlet centers in 22 states coast-to-coast, totaling approximately 9.8 million square feet, leased to over 2,000 stores that are operated by over 370 different brand name companies. More than 150 million shoppers visit Tanger Outlet Centers annually. For more information on Tanger Outlet Centers, call 1-800-4-TANGER or visit the company's web site at www.tangeroutlet.com.
CONTACT: Tanger Factory Outlet Centers, Inc. Mike Buescher (336) 834-6826 Mona J. Walsh (336) 856-6021