Macerich names Jackson Hsieh CEO; O'Hern, Coppola retire Feb 29

MACERICH CO

Jackson Hsieh appointed CEO and President effective March 1, 2024; succeeds Tom O'Hern (30 yrs) and Ed Coppola (46 yrs).
Hsieh receives $1M base salary, 150% target bonus, $5M sign-on LTIP grant, and $6.5M annual LTIP grant.
O'Hern will advise through June 30, 2024; both O'Hern and Coppola remain on Board through current term.
Hsieh previously CEO of Spirit Realty Capital, which merged with Realty Income in a $9.3B deal.
Board combined two severance plans into one effective March 1, 2024, with multiples of 2x/1.5x/1x for tiered executives.

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Edward C. Coppola

President

MAC · MACERICH CO

Effective: 2024-02-29
Successor: Jackson Hsieh
Filed: February 5, 2024, 6:59 PM ET

Edward C. Coppola, the Company’s current President, will also be retiring effective as of February 29, 2024

Departed

Thomas E. O'Hern

Chief Executive Officer

MAC · MACERICH CO

Effective: 2024-02-29
Successor: Jackson Hsieh
Filed: February 5, 2024, 6:59 PM ET

Thomas E. O’Hern, the Company’s current Chief Executive Officer, will be retiring effective as of February 29, 2024

Appointed

Jackson Hsieh

Chief Executive Officer and President

MAC · MACERICH CO

Effective: 2024-03-01
Filed: February 5, 2024, 6:59 PM ET

On February 5, 2024, The Macerich Company (the “Company”) announced that Jackson Hsieh will be appointed to the role of Chief Executive Officer and President, effective as of March 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward C. Coppola departed as President at MACERICH CO.

Action: retiring
Role: President

Exact text from the filing

Edward C. Coppola, the Company’s current President, will also be retiring effective as of February 29, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas E. O'Hern departed as Chief Executive Officer at MACERICH CO.

Action: retiring
Role: Chief Executive Officer

Exact text from the filing

Thomas E. O’Hern, the Company’s current Chief Executive Officer, will be retiring effective as of February 29, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jackson Hsieh was appointed as Chief Executive Officer and President at MACERICH CO.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On February 5, 2024, The Macerich Company (the “Company”) announced that Jackson Hsieh will be appointed to the role of Chief Executive Officer and President, effective as of March 1, 2024.

View on SEC.gov

MACERICH CO filing history →

Source: SEC EDGAR

accession 0001193125-24-023427

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