x

Posted 07 September, 2022

SUN COMMUNITIES INC appointed new CEO

CEO Change detected for ticker NYSE:SUI in a 8-K filed on 07 September, 2022.


  Also on September 7, 2022, the Company appointed Gary A. Shiffman as its President, effective as of December 31, 2022. Mr. Shiffman, age 68, has been a director and executive officer of the Company since its inception in 1993 and currently serves as Chairman and Chief Executive Officer.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of SUN COMMUNITIES INC
Real Estate/Construction • Residential REITs
Sun Communities, Inc. provides real estate management services. The firm operates through the following segments: Manufactured Home Communities, Recreational Vehicle, and Marina. The Manufactured Home Communities segment owns, operates, and develops manufactured housing communities and is in the business of acquiring, operating, and developing ground up communities to provide housing solutions. The Recreational Vehicle segment focuses on the development of recreational vehicle resorts and is in the business of acquiring, operating and developing ground up resorts throughout the U.S. and in Ontario, Canada. The Marina segment operates marinas and is in the business of acquiring and operating marinas throughout the U.S. The company was founded in 1975 and is headquartered in Southfield, MI.
Market Cap
$16.4B
View Company Details
SUN COMMUNITIES 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 September 7, 2022, John B. McLaren tendered his resignation from his positions as President and Chief Operating Officer of Sun Communities, Inc. (the "Company"), effective as of December 31, 2022. Mr. McLaren will remain with the Company as its Executive Vice President of Entitlement and Integration for MH Development, in which role he will focus on entitling and integrating new manufactured housing developments.


Also on September 7, 2022, the Company appointed Bruce D. Thelen as its Chief Operating Officer and Executive Vice President, effective as of December 31, 2022. Mr. Thelen, age 38, joined the Company in January 2018 and currently serves as Executive Vice President, Operations and Sales. In this role, he has led the manufactured home sales and leasing subsidiary, Sun Home Services, Inc. Before joining the Company, Mr. Thelen was with Skyline Champion, a national manufactured home builder, most recently as the Vice President of Sales and Marketing. Prior to that, he was a consultant with the management consulting firm Booz & Company. He received a B.S.B.A. from Central Michigan University.


Also on September 7, 2022, the Company appointed Gary A. Shiffman as its President, effective as of December 31, 2022. Mr. Shiffman, age 68, has been a director and executive officer of the Company since its inception in 1993 and currently serves as Chairman and Chief Executive Officer. Mr. Shiffman has been actively involved in the management, acquisition, construction, and development of manufactured housing communities and has developed an extensive network of industry relationships over the past thirty years. He has overseen the acquisition, rezoning, development, expansion, and marketing of numerous manufactured home and recreational vehicle communities, as well as marinas.