12/06/2018
Taubman Announces Two New Independent Directors, Two Director Retirements and New Committee Appointments
Janice (“Jan”) Fields, former McDonald’s USA president, and Nancy Killefer, former senior partner at McKinsey & Company, to join the Board in January 2019 New independent directors bring significant public company board, retail and consumer experience Taubman Centers, Inc. (NYSE: TCO) today announced that the Company’s Board of Directors appointed Jan Fields and Nancy Killefer to the Board, effective January 16, 2019. Incumbent independent directors Jerome A. Chazen and Craig M. Hatkoff will resign from the Board, effective January 15, 2019, and Ms. Fields and Ms. Killefer will assume the remainder of Mr. Chazen’s and Mr. Hatkoff’s terms, that expire at the Company’s 2019 Annual Meeting. Ms. Fields, 63, the former president of McDonald’s USA, is a seasoned retail- and consumer-oriented executive with strong operational experience. From 1978 to 2012, she held several management positions of increasing responsibility at McDonald’s USA, LLC, gaining marketing, finance, supply chain,...
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12/06/2018
Taubman Centers Declares Common and Preferred Dividends
Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.655 per share of common stock. The common dividend is payable December 31, 2018, to shareholders of record on December 17, 2018. The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends will be payable December 31, 2018, to shareholders of record on December 17, 2018. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong....
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11/02/2018
Taubman Reveals $500 Million Reimagination of Iconic Beverly Center Reinventing Retail & Dining in LA; Announces Weekend of Special Events
Expanded luxury and contemporary fashion, destination dining, studio/concierge services, sweeping views and bright, open spaces are just a few of the center’s new features Taubman Centers, Inc. (NYSE: TCO) today reveals the $500 million reimagination of Beverly Center that transformed every aspect of the iconic shopping destination that has been located in the heart of Los Angeles for 36 years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181102005292/en/ Beverly Center has added an enviable lineup of nine full-service and fast-casual restaurants at the street level as part of the center's complete, $500 million renovation. Photo Credit: Jeremy Samuelson “Beverly Center has a special place in the history of this creative community, and our intention with this transformation was always to ensure the center best reflects and serves both its neighbors and those who visit Los Angeles each year,” said Chief Operating Officer...
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