Agree Realty Corp., located in Bloomfield Hills, announced Simon Leopold as its CFO, executive vice president, and secretary. Concurrent with Leopold’s appointment, he has resigned from the company’s board of directors. Clay Thelen, former CFO, has resigned to pursue other opportunities.
Leopold brings experience in corporate finance, capital markets, investor relations, treasury management, and risk mitigation, having previously served as CFO of Taubman Centers Inc. Prior to Taubman, he served as managing director in the real estate investment banking groups at Deutsche Bank Securities Inc., Keefe Bruyette and Woods, and UBS Securities.
“(Leopold’s) many years of REIT experience, industry-wide relationships, and leadership prowess will serve to further strengthen our growing company’s executive ranks,” says Joey Agree, president and CEO. “I would also like to thank Clay for his three years of service at our company.”
Additionally, the company announced the promotion of Craig Erlich to COO after previously serving as chief investment officer. In his new role, he will assume additional oversight responsibilities including asset management, information technology, business development, and marketing. In connection with the promotion of Erlich, the board has appointed Laith Hermiz to the position of executive vice president of real estate. He will be focused on overseeing development, construction, and asset management activities of the company.
Agree Realty Corp. is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of Dec. 31, 2020, Agree Realty owned and operated a portfolio of 1,129 properties located in 46 states.