Corporate Governance

Interested parties may communicate with the Chairpersons of the Audit Committee, the Compensation Committee or the Nominating and Corporate Governance Committee, or the non-management directors as a group by regular mail. Communications should be sent to the attention of the Chairperson, Audit Committee, Chairperson, Compensation Committee, or Chairperson, Nominating and Corporate Governance Committee, or to the outside directors as a group to the Non-Management Directors, each c/o Corporate Secretary, DDR Corp., 3300 Enterprise Parkway, Beachwood, Ohio 44122.

Board of Directors

Scott D. Roulston - Chairman of the Board of Directors

Scott D. Roulston is a Principal and Director of Wealth Management at Segall Bryant & Hamill, an independent investment firm, a position which he has held since March 2017. He was Managing Director of MAI Capital Management, LLC (MAI), a registered investment advisor, from 2013 to February 2017. He was Managing Director at Burdette Asset Management, a private equity fund manager, from 2011 to January 2013. From 1990 to 2010, he was Chief Executive Officer of Roulston & Company, a firm that provided investment research and management, and its successor firm, Fairport Asset Management. He is a Director of Bluecoats, Inc. He also is a former Director of Defiance, Inc., where he served as Chair of the Compensation Committee and member of the Audit Committee. Mr. Roulston is a graduate of Dartmouth College.


Chair of the Compensation Committee

Chair of the Executive Committee

Member of the Audit Committee

Gary N. Boston - Director

Gary N. Boston retired from APG Asset Management, a leading global manager of pension assets, in May 2016. From July 2005 until May 2016, he served as Portfolio Manager and Senior Portfolio Manager on the firm’s North and South American listed real estate securities portfolios. Prior to joining APG, Mr. Boston spent ten years as a senior analyst covering the U.S. REIT sector on research teams at Citigroup and PaineWebber, Inc. He began his investment career as a sell-side equity research analyst at Merrill Lynch covering broadline retail stocks. Mr. Boston holds a Bachelor of Arts from Duke University and a Masters of Business Administration from the Wharton School of Business.


Chair of the Audit Committee

Member of the Compensation Committee

Member of the Executive Committee

Henrie W. Koetter - Director

Henrie W. Koetter has served as Managing Director of Development and Mergers and Acquisitions and Chief Investment Officer of ECE Projektmanagement G.m.b.H. & Co. KG, a commercial real estate company based in Hamburg, Germany that manages assets in Europe, since July 2014. Mr. Koetter served as Managing Director of Property Management of ECE from February 2011 to June 2014 and served in other various roles at ECE from April 2004 to February 2011. Mr. Koetter is a graduate of the European Business School in Oestrich-Winkel, Germany.


Member of the Nominating and Corporate Governance Committee

David R. Lukes - President, Chief Executive Officer and Director

David R. Lukes has served as President, Chief Executive Officer and Director of the Company since February 14, 2018 and has served as President and Chief Executive Officer of DDR and has been a member of DDR’s Board of Directors since March 2017. Mr. Lukes most recently served as Chief Executive Officer of Equity One, Inc. (Equity One), an owner, developer and operator of shopping centers, as well as a member of Equity One’s Board of Directors from June 2014 until January 2017. Mr. Lukes also served as Equity One’s Executive Vice President from May 2014 to June 2014. Prior to joining Equity One, Mr. Lukes also served as President and Chief Executive Officer of Sears Holding Corporation affiliate Seritage Realty Trust, a real estate company, from 2012 through April 2014. In addition, Mr. Lukes serves as the President and Chief Executive Officer of Olshan Properties (formerly Mall Properties, Inc.), a privately owned real estate firm that specializes in the development, acquisition and management of commercial real estate, from 2010 through 2012. From 2002 to 2010, Mr. Lukes served in various senior management positions at Kimco Realty Corporation, including serving as its Chief Operating Officer from 2008 to 2010. Mr. Lukes holds a Bachelor of Environmental Design from Miami University, a Master of Architecture from the University of Pennsylvania, and a Master of Science in real estate development from Columbia University.

Matthew L. Ostrower - Executive Vice President, Chief Financial Officer, Treasurer and Director

Matthew L. Ostrower has served as Executive Vice President, Chief Financial Officer, Treasurer and Director of the Company since February 14, 2018 and has served as Executive Vice President, Chief Financial Officer and Treasurer of DDR since March 2017. Prior to joining DDR, he served as Executive Vice President of Equity One from March 2015 and as Chief Financial Officer and Treasurer beginning on April 2015. Prior to Equity One, Mr. Ostrower served as Managing Director and Associate Director of Research at Morgan Stanley from 2010 and previously served as a Vice President, Executive Director and a Managing Director at Morgan Stanley, an investment bank, from 2000 to 2008. From 2008 to 2009, Mr. Ostrower was a founding member of the Gerrity Group, a private retail real estate company focused on the management, leasing and disposition of shopping centers, where he was responsible for capital raising and investment strategy. Mr. Ostrower also served as a member of the Board of Directors of Ramco-Gershenson Properties Trust, a public retail real estate investment trust, from 2010 to February 2015. Mr. Ostrower holds a dual Master of Science in real estate and city planning from Massachusetts Institute of Technology and a Bachelor of Arts degree from Tufts University.

Barry A. Sholem - Director

Barry A. Sholem became a partner of MSD Capital, L.P., the family office of Michael and Susan Dell, and head of its real estate fund in July 2004. From 1995 until 2000, Mr. Sholem was Chairman of DLJ Real Estate Capital Partners, a $2 billion real estate fund that he co-founded and that invested in a broad range of real estate-related assets, and a Managing Director at Credit Suisse First Boston. Prior to forming DLJ Real Estate Capital Partners, Mr. Sholem spent ten years at Goldman Sachs in its New York and Los Angeles offices. Mr. Sholem is active in ULI (CRC Silver Council), ICSC, the University of California, Berkeley Real Estate Advisory Board and the Business Roundtable. Mr. Sholem holds a Bachelor of Arts from Brown University and a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management.


Chair of the Nominating and Corporate Governance Committee

Member of the Audit Committee

Member of the Executive Committee

Committee Composition

Audit Committee

Gary N. Boston - Chair

Scott D. Roulston - Member

Barry A. Sholem - Member

Compensation Committee

Scott D. Roulston - Chair

Gary N. Boston - Member

Executive Committee

Scott D. Roulston - Chair

Gary N. Boston - Member

Barry A. Sholem - Member

Nominating and Corporate Governance Committee

Barry A. Sholem - Chair

Henrie W. Koetter - Member

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