Simon®, a leading real estate investment trust, announced the promotion of Stanley Shashoua to President of International Real Estate. This appointment, effective October 15, 2025, places Mr. Shashoua in charge of Simon's extensive global property portfolio. His new role covers numerous international assets, including Premium Outlets, and significant stakes in major European real estate entities.
Mr. Shashoua's promotion highlights his long-standing contributions to Simon's international strategy. He brings considerable experience to this elevated position, overseeing a critical segment of the company's operations. The international portfolio is a key part of Simon's overall business model.
Key Takeaways
- Stanley Shashoua is promoted to President of International Real Estate at Simon.
- He will manage 26 International Premium Outlets and investments in Klépierre SA and McArthurGlen.
- Mr. Shashoua has been a Supervisory Board member of Klépierre since 2015.
- He will also continue to oversee special corporate investments for Simon.
Shashoua's Expanded Responsibilities
As President of International Real Estate, Stanley Shashoua will manage a diverse and geographically widespread collection of properties. This includes 26 International Premium Outlets, which are known for their retail offerings across various countries. These outlets are significant revenue generators for Simon.
His oversight will also extend to Simon's ownership interest in Klépierre SA. Klépierre is a major European retail property company. Simon's stake in Klépierre represents a substantial investment in the European market. Mr. Shashoua has deep familiarity with Klépierre, having served on its Supervisory Board since 2015.
Furthermore, Mr. Shashoua will be responsible for Simon's McArthurGlen Investments. McArthurGlen is another prominent name in the European designer outlet sector. These investments reinforce Simon's presence in high-value retail destinations globally. The combination of these assets makes his new role complex and impactful.
Fast Fact
Simon's international portfolio includes 26 International Premium Outlets, demonstrating a significant global footprint in the retail property sector.
Leadership Perspective on the Promotion
David Simon, Chairman, Chief Executive Officer, and President of Simon, commented on the promotion. He emphasized Mr. Shashoua's crucial role in the company's international growth. "Stanley has played a pivotal role in advancing our international real estate strategy and is uniquely qualified for this position," David Simon stated.
"Stanley has played a pivotal role in advancing our international real estate strategy and is uniquely qualified for this position."
This statement underscores the confidence the company's top leadership has in Mr. Shashoua's capabilities. It also highlights the importance of his prior work in shaping Simon's global presence. His experience and strategic insight are seen as vital for the future direction of the international division.
Continuing Oversight of Special Investments
In addition to his new responsibilities, Stanley Shashoua will continue to oversee Simon's special corporate investments. This part of his role involves managing strategic financial holdings and unique business ventures that fall outside the main property portfolios. This continuity ensures a smooth transition and leverages his existing knowledge of these specific assets.
The combination of international real estate and special corporate investments gives Mr. Shashoua a broad and influential purview within Simon. It positions him as a central figure in the company's global financial and property strategies. His expertise spans both direct property management and complex investment oversight.
About Simon
Simon® is a real estate investment trust (REIT) focused on premier shopping, dining, entertainment, and mixed-use destinations. It is an S&P 100 company, trading on the New York Stock Exchange under the ticker SPG. Simon's properties serve as community gathering places across North America, Europe, and Asia. These locations generate billions in annual sales, supporting local economies and providing millions of people with daily services and leisure opportunities.
Simon's Global Footprint and Strategy
Simon Property Group is a significant player in the global real estate market. The company's strategy involves owning and developing high-quality properties in key regions. These properties often combine retail, dining, and entertainment, creating vibrant community hubs. The focus on premier destinations helps attract both consumers and top-tier tenants.
The company's presence in Europe and Asia, managed through its international real estate division, is a testament to its global ambitions. According to company reports, Simon's properties generate billions of dollars in annual sales. This financial performance is supported by strong operational management and strategic investments.
The promotion of Mr. Shashoua is a strategic move to strengthen this international segment. It aims to ensure consistent leadership and expertise across these vital global assets. The goal is to continue to grow and optimize the performance of these properties in diverse markets. This approach aligns with Simon's long-term vision for sustained growth and market leadership.
Impact on Future International Development
Mr. Shashoua's appointment is expected to influence Simon's future international development plans. His leadership will likely guide decisions on new acquisitions, property enhancements, and market expansions. The international segment faces unique challenges and opportunities, including varying economic conditions and consumer preferences across different countries.
His role on the Supervisory Board of Klépierre since 2015 provides him with an in-depth understanding of the European retail landscape. This experience is invaluable for navigating complex international markets. It enables Simon to make informed decisions that support its strategic objectives abroad.
The company aims to continue providing high-quality destinations that attract millions of visitors daily. The success of its international portfolio depends on effective leadership and a clear strategic vision. Stanley Shashoua's promotion is a step towards reinforcing that vision and leadership.
