Seritage CEO Andrea Olshan to step down April 11; Chairman Adam Metz named Interim CEO

Seritage Growth Properties

Andrea Olshan steps down as CEO and President effective April 11, 2025; separation is amicable.
Board appoints Chairman Adam Metz as Interim CEO, also effective April 11, with $80,000 monthly salary.
Leadership change due to reduced needs as Plan of Sale progresses; portfolio shrunk from ~160 to 15 assets.
Over $1.3B of loan facility repaid under Olshan's tenure.
Mitchell Sabshon appointed Lead Independent Director effective April 11.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Andrea L. Olshan

Chief Executive Officer and President

SRG · Seritage Growth Properties

Effective: 2025-04-11
Successor: Adam Metz
Filed: March 28, 2025, 7:59 PM ET

Ms. Olshan will step down as the Company’s Chief Executive Officer and President ("CEO") and as a member of the Board effective as of April 11, 2025

Role change

Mitchell Sabshon

Lead Independent Director

SRG · Seritage Growth Properties

Effective: 2025-04-11
Filed: March 28, 2025, 7:59 PM ET

the Board has appointed Mitchell Sabshon to serve as Lead Independent Director as of the Separation Date.

Appointed (interim)

Adam Metz

Interim Chief Executive Officer and President

SRG · Seritage Growth Properties

Effective: 2025-04-11
Filed: March 28, 2025, 7:59 PM ET

The Board has appointed Board Chairman Adam Metz as Interim Chief Executive Officer and President ("Interim CEO") as of the Separation Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrea L. Olshan departed as Chief Executive Officer and President at Seritage Growth Properties.

Action: stepped down
Role: Chief Executive Officer and President

Exact text from the filing

Ms. Olshan will step down as the Company’s Chief Executive Officer and President ("CEO") and as a member of the Board effective as of April 11, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mitchell Sabshon was appointed as Lead Independent Director at Seritage Growth Properties.

Action: appointed
Role: Lead Independent Director

Exact text from the filing

the Board has appointed Mitchell Sabshon to serve as Lead Independent Director as of the Separation Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Metz was appointed as Interim Chief Executive Officer and President at Seritage Growth Properties.

Action: appointed
Role: Interim Chief Executive Officer and President

Exact text from the filing

The Board has appointed Board Chairman Adam Metz as Interim Chief Executive Officer and President ("Interim CEO") as of the Separation Date.

View on SEC.gov

Seritage Growth Properties filing history →

Source: SEC EDGAR

accession 0000895345-25-000135

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