Seritage appoints Adam Metz as non-interim CEO; $1.1M salary, $1.225M target bonus

Seritage Growth Properties

Adam Metz appointed as CEO on non-interim basis effective July 1, 2025; continues as Board Chairman; M. Sabshon remains Lead Independent Trustee.
Employment agreement: $1.1M base salary, $1.225M target bonus (50-150% payout range), one-year term ending June 30, 2026, no severance.
Replaces interim CEO letter agreement from April 2025; term ends June 30, 2026 unless extended by mutual agreement by April 1, 2026.
Mr. Metz previously served as CEO of General Growth Properties and Managing Director at Carlyle Group; also holds board seats at Hammerson plc and Morgan Stanley Direct Lending Fund.

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