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Younger Glimcher Named CEO

COLUMBUS, OH-The CEO title at this retail REIT is being passed from father to son.

By Dees Stribling | Updated on January 24, 2005

COLUMBUS, OH-Glimcher Realty Trust, owner of 41 retail properties totaling 25.3 million sf of GLA, has named Michael P. Glimcher, 37, as its new CEO. Previously the position was held by Herbert Glimcher, who retains his position of chairman of the board of trustees.

The younger Glimcher joined the predecessor company of Glimcher Realty Trust in 1991, and since it went public a few years later, he has held a variety of positions there, including (in order) director of lease administration, VP of leasing, SVP of leasing, SVP of leasing and development, and EVP. He became a member of the REIT’s board of trustees in 1997, and in 1999 became its president, a title he will retain as well as being CEO.

Glimcher is a storied presence in the retail real estate realm, with roots going back to a company founded by Herbert Glimcher during the Eisenhower administration as a lumber and building supply business. By the late 1960s, the company had evolved into a retail developer, building properties for such expanding entities as Kmart and McDonald’s, as well as smaller retail properties of its own.

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