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Regency Makes Executive, Business Changes

JACKSONVILLE, FL-Mary Lou Fiala steps down as president, and will remain COO and vice chair through 2009.

By Crystal Proenza | Updated on February 05, 2009

(Crystal Proenza is associate editor of Real Estate Florida.)

JACKSONVILLE, FL-Locally based Regency Centers Corp. has undergone a leadership change, starting at the top. Mary Lou Fiala has stepped down as president of the retail REIT, but will remain on board as COO and vice chairman until her retirement at the end of the year. Chief investment officer Brian Smith has been appointed president of Regency, and chief financial officer Bruce Johnson has been named executive vice president.

“Although Mary Lou is planning to retire at the end of 2009, she will continue to stay longer if conditions dictate,” Regency CEO Martin Stein Jr. stated in a release. “Initially there will not be a significant change in responsibility between Mary Lou and Brian. They, along with Bruce and me, will continue to work seamlessly as a team in our respective roles.”

Fiala

Fiala also serves as chairman of the International Council of Shopping Centers, with her one-year term set to expire in May. Peter Sharpe, president and CEO of Toronto-based Cadillac Fairview Corp., has been nominated to succeed Fiala.

Smith has served in numerous leadership roles at the retail REIT sine 1999, and was previously managing director with Pacific Retail Trust, which was acquired by Regency. Johnson has remained in his role as managing director and CFO since 1993, and was previously vice president of Barnett Winston Trust, an equity and REIT.

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