Glimcher Board Elects Richard F. Celeste As Trustee
Glimcher Board Elects Richard F. Celeste As Trustee — one of the country’s premier retail REITs, today announced that its Board of Trustees has elected Ambassador Richard F. Celeste to serve as a Class II Trustee, effective September 6, 2007. Mr. Celeste’s many distinctions include; US Ambassador to India, 1997-2001, Governor of the State of Ohio, 1982-1991, Lieutenant Governor of Ohio from 1974-1978 and Member of the Ohio House of Representatives, 1970-1974. Mr. Celeste is currently serving as the President of Colorado College, a position he has held since 2002, and resides in Colorado Springs, CO. Celeste is a magna cum laude graduate of Yale University as well as a Rhodes Scholar.
"Mr. Celeste brings a wealth of leadership experience to Glimcher, including uncompromising standards for business and fiscal management and a passion for achieving the high goals he establishes," said Michael Glimcher, Chairman of the Board and CEO. "Mr. Celeste’s balance of overall experience, in the public sector as well as the private sector, will serve our shareholders well and we are excited about having him involved in the future of our Company."
About the Company
Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of regional and super-regional malls. At March 31, 2008, the Company's mall portfolio, including assets held through one of the Company's strategic joint ventures, consisted of 23 properties located in 14 states with gross leasable area totaling approximately 20.6 million square feet. The community center portfolio is comprised of four properties representing approximately 1.0 million square feet. Glimcher Realty Trust's common shares are listed on the New York Stock Exchange under the symbol "GRT." Glimcher Realty Trust's Series F and Series G preferred shares are listed on the New York Stock Exchange under the symbols "GRT-F" and "GRT-G," respectively. Glimcher Realty Trust is a component of both the Russell 2000® Index, representing small cap stocks, and the Russell 3000® Index, representing the broader market.
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