Tanger Announces the Election of Retail Industry Leader Sonia Syngal to its Board of Directors

Core Insights - Tanger has elected Sonia Syngal as a director, expanding its board from nine to ten members, effective September 23, 2024 [1] Company Overview - Tanger Inc. is a leading operator of outlet and open-air retail shopping destinations with over 43 years of expertise in the retail and outlet shopping industries [5] - The company operates a portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center, totaling over 15 million square feet across 20 U.S. states and Canada [5] - Tanger has been a publicly traded REIT since 1993, with over 3,000 stores operated by more than 700 different brand name companies [5] Leadership Background - Sonia Syngal, the new board member, is the former CEO of Gap Inc. with nearly 30 years of industry experience in global supply chain operations, brand management, and product-to-market innovation [2][3] - During her tenure as CEO of Gap Inc. from 2020 to 2022, Syngal financially stabilized the company and doubled e-commerce revenue across its portfolio of brands [3] - Syngal has also held leadership roles at Old Navy and has experience with Sun Microsystems and Ford Motor Company [3] Board Statements - Stephen Yalof, President and CEO of Tanger, expressed confidence that Syngal's expertise will strengthen the board's capabilities and support the company's growth strategies [4] - Bridget Ryan-Berman, lead independent director, welcomed Syngal's extensive experience in the global fashion industry, which will aid in refreshing and growing the board's expertise [4] - Syngal expressed excitement about contributing to Tanger's vision for growth and enhancing the shopping experience for customers [4]