Simon Property Group CEO David Simon Dies at 64; Son Eli Named CEO
David Simon, who led Simon Property Group as CEO since 1995 and built a 250-property global portfolio, died at age 64 after a battle with cancer. He is succeeded by his son Eli Simon as CEO and president, with Larry Glasscock appointed non-executive chairman.
1. CEO’s Passing
David Simon passed away at age 64 after a prolonged cancer fight. His death marks the end of a 31-year tenure at the company he led from CFO to chief executive.
2. Transformative Tenure
Simon joined the firm as chief financial officer in 1990, guided it public in 1993, and became CEO in 1995. Under his leadership the portfolio grew to 250 malls across North America, Europe and Asia, generating over 4,500% total shareholder return since the IPO.
3. Succession and Leadership
Eli Simon, David Simon’s son, has been named CEO and president of Simon Property Group. Larry Glasscock will serve as non-executive chairman, overseeing corporate governance and strategic oversight.