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CT REIT Announces Leadership Succession
CT REIT Announces Leadership Succession Canada NewsWire Ken Silver ...
About this update from Ct Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n CT REIT Announces Leadership Succession\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Ken Silver\n \n to retire from CT REIT\n \n May 31, 2022\n \n ;\n \n Kevin Salsberg\n \n to be appointed President and CEO\n \n \n \n \n TORONTO\n \n ,\n \n Dec. 9, 2021\n \n /CNW/ - CT Real Estate Investment Trust (\"CT REIT\" or the \"REIT\") (TSX: CRT.UN) today announced that Chief Executive Officer\n \n Ken Silver\n \n has decided to retire, effective\n \n May 31, 2022\n \n . He will be succeeded by\n \n Kevin Salsberg\n \n , who is currently serving as President and Chief Operating Officer.\n \n \n \n Ken Silver\n \n has led CT REIT since its Initial Public Offering in 2013 and was instrumental in its creation by Canadian Tire Corporation (\"CTC\"), the REIT's largest tenant and majority unitholder. He joined CTC in 1995 and prior to his appointment as President and CEO, CT REIT, he served as CTC's Senior Vice-President, Corporate Strategy and Real Estate. Between now and\n \n June 1, 2022\n \n , Ken will transition the CEO role to Kevin, following which he will act as strategic advisor to the REIT for a period of one year.\n \n \n \"Ken's contributions to CTC and then to CT REIT have been immense. He has been a highly valued and respected member of our leadership team for over 26 years and is responsible for leading the development of our store and distribution centre networks across the country, the prime locations of which play a significant role in our competitive advantage,\" said\n \n Greg Hicks\n \n , President and CEO, CTC. \"We are grateful for his deep and strategic real estate knowledge and the sage counsel he has provided over the years.\"\n \n \n \n Kevin Salsberg\n \n joined CT REIT in 2016 and has nearly 20 years of commercial real estate experience. Prior to joining CT REIT, he was the Executive Vice-President and Chief Investment Officer at Plaza Retail REIT, and the Chief Operating Officer at KEYreit.\n \n \n During his time with CT REIT, Kevin has overseen all aspe...