Kimco Realty® Announces Board Leadership Transition

Core Points - Kimco Realty Corporation announced leadership changes, with Milton Cooper transitioning to Chairman Emeritus and Richard Saltzman becoming Independent Chairman of the Board [1][3] - Nancy Lashine and Ross Cooper have been appointed to the Board of Directors, with Lashine serving on the Audit and Executive Compensation Committees [2][10] Leadership Transition - Milton Cooper, the founder and long-time leader of Kimco, will retire as Executive Chairman at the 2025 Annual Meeting after over 60 years of service [1][4] - Richard Saltzman, who has been a director since 2003 and currently chairs the Audit Committee, will take over as Independent Chairman [6][7] - Milton Cooper expressed pride in the company's achievements and confidence in the future leadership under Saltzman and the refreshed Board [3][5] New Board Members - Nancy Lashine is the managing partner and founder of Park Madison Partners, with prior experience on the board of The Davis Companies [8][10] - Ross Cooper has been with Kimco since 2006 and has served as President and Chief Investment Officer since 2017 [9][10] Company Overview - Kimco Realty is a leading real estate investment trust (REIT) focused on high-quality, grocery-anchored shopping centers and mixed-use properties in the U.S. [10] - As of December 31, 2024, the company owned interests in 568 shopping centers and mixed-use assets, totaling 101 million square feet of gross leasable space [10]