– USA, IL – InvenTrust Properties Corp. (NYSE: IVT) today announced the appointment of Smita Shah to its Board as an independent director, effective immediately.
“Smita’s appointment furthers InvenTrust’s commitment to finding high-caliber professionals across all levels of the Company, while enhancing our governance and management oversight efforts,” said Board Chair, Paula Saban. “Smita brings a new perspective as well as an impressive array of leadership and civic service to our company. I look forward to working with her in our goal to maximize shareholder value.”
Ms. Shah will also join the Audit Committee.
About Smita N. Shah
Ms. Shah currently serves as President and CEO of SPAAN Tech, Inc., a Chicago-based public and private economic development firm, that she founded. Ms. Shah brings considerable business and management experience to the InvenTrust Board and a unique insight into governmental civic and environmental programs.
Ms. Shah commented, “I am excited and honored to join the InvenTrust Board. In just one short year as a publicly traded company, InvenTrust has differentiated itself through its dedication to a focused Sun Belt, grocery-anchored portfolio. This strategy and InvenTrust’s strong balance sheet have positioned InvenTrust to produce strong results despite potential market volatility. I look forward to sharing my experience and insights to contribute to the Company’s future success.”
Ms. Shah serves on several civic boards and commissions, including Commissioner for the White House Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders, Co-Chairperson the Council of Regents for Loyola University of Chicago, and Member of the M.I.T. Corporation Visiting Committee for Civil and Environmental Engineering. Additionally, she serves as Co-Chair of YPO Chicago and on the Board of MacLean-Fogg Companies as a member of the Finance and Audit Committee.
She received a B.S. from Northwestern University, an M.S. from MIT, and a Postgraduate Certificate in Management Studies from Oxford University.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance practices and standards. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. IVT is committed to leadership in ESG practices and has been a Global Real Estate Sustainability Benchmark member since 2013. As of June 30, 2022, the Company is an owner and manager of 62 retail properties, representing 10.5 million square feet of retail space.
For more information: https://www.inventrustproperties.com/
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