Bloomfield Hills shopping center designer and manager Taubman Centers Inc. has named Cia Buckley Marakovits to its board of directors and Myron E. Ullman III as its newly created lead director role.
Buckley Marakovits will fill the vacancy created after the resignation of her predecessor last September, and brings decades of real estate, financial, and investment experience to the Taubman Board. With her election at the 2017 annual meeting, the Taubman Board will consist of nine directors, seven of whom are independent, two joining the board in the past year.
Buckley Marakovits is chief investment officer, partner, managing director and a member of the Investment Committee at Dune Real Estate Partners, a real estate investment firm. Prior to joining Dune in 2007, she successfully managed a variety of investments and held key financial leadership roles, including president of the U.S. Fund Business, chief financial officer, head of Asset Management and head of Acquisitions at JER Partners, an affiliate of the J.E. Robert Companies.
“I am honored to join the Taubman Board and look forward to contributing my knowledge and perspectives to help lead the company forward,” says Buckley Marakovits. “Taubman’s strong assets and differentiated strategy position the company for continued growth and success. I am excited to begin working with the entire Board and management team to deliver further value for all Taubman shareholders.”
Taubman also announced that it has created a new lead director position and that the chairman of the Nominating and Corporate Governance Committee, Ullman, has been appointed to this leadership role, effective immediately. Ullman joined the Taubman Board in April 2016 and previously served on the Board from 2003 to 2004. He was appointed Chairman of the Nominating and Corporate Governance Committee in September 2016.
“I am honored to be appointed by the company’s independent directors to this new position,” says Ullman. “I recognize the important role that a lead director can play in ensuring that a board appropriately oversees the management team while providing strong independent leadership and strategic guidance. I am also delighted to welcome Cia to the board. I look forward to continue working with Bobby and the entire board to further enhance value for all Taubman shareholders.”
Taubman currently owns or manages 26 regional, super-regional, and outlet shopping centers in the U.S. and Asia, with one currently under development.