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Posted 31 July, 2023

Brixmor Property Group Inc. appointed new CEO

CEO Change detected for ticker NYSE:BRX in a 8-K filed on 31 July, 2023.


  On July 31, 2023, the Board of Directors (the "Board") of the Company appointed John Peter ("JP") Suarez to the Board of the Company. Mr. Suarez most recently served as the Executive Vice President, Regional Chief Executive Officer and Chief Administration Officer, Walmart International from April 2018 until his retirement in March 2023.  

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Overview of Brixmor Property Group Inc.
Real Estate/Construction • Retail REITs
Brixmor Property Group, Inc. operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.
Market Cap
$6.84B
View Company Details
Brixmor Property Group Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


On July 31, 2023, the Board of Directors (the "Board") of the Company appointed John Peter ("JP") Suarez to the Board of the Company. Mr. Suarez most recently served as the Executive Vice President, Regional Chief Executive Officer and Chief Administration Officer, Walmart International from April 2018 until his retirement in March 2023.


Mr. Suarez will receive cash and equity compensation for Board service commensurate with the Company's other non-employee directors.


In connection with Mr. Suarez's appointment to the Board, the Company will enter into an indemnification agreement (the "Indemnification Agreement") with Mr. Suarez similar to the indemnification agreements entered into with all other members of the Board. The foregoing description is not complete and is qualified in its entirety by reference to the full text of the Indemnification Agreement, which was filed as Exhibit 10.19 to the Company's Form S-11, filed with the Securities and Exchange Commission on August 23, 2013 (File No. 001-190002).


There were no arrangements or understandings between Mr. Suarez and any other persons pursuant to which he was appointed. There are no transactions in which Mr. Suarez had or will have an interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.