Cadillac Fairview's CEO To Resign.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 27, 2000 (TSE:CDF.) (NYSE NYSE See: New York Stock Exchange :CDF) Cadillac Fairview Corporation today announced that Bruce W. Duncan, Chairman, President and Chief Executive Officer will resign from the Corporation upon successful completion of the transaction with Ontario Teachers' Pension Plan The Ontario Teachers' Pension Plan (OTPP), commonly referred to as Teachers', is the organization responsible for administering pensions for public school teachers of Ontario. The OTPP also invests the plan's pension fund. Board. &uot;We have built a strong management team at Cadillac Fairview with significant depth of experience and this is the logical time for me to turn over leadership. I am confident that with the transition to a new long term, supportive relationship with Teachers, the organization will continue its impressive record of growth and financial performance&uot; said Mr. Duncan. In anticipation of completion of this transaction, Teachers has commenced a process to identify a new Chief Executive Officer to ensure an orderly transition of leadership. Cadillac Fairview is one of the largest owners, managers and developers of commercial real estate in North America, focusing on high quality retail centres in Canada and the U.S., and office properties in major Canadian cities. It owns interests in or manages 102 properties totaling 51 million square feet in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. , including some of Canada's landmark properties such as Toronto Eaton Centre The Toronto Eaton Centre is a large shopping mall and office complex in downtown Toronto, Ontario Canada, named after the now-defunct Eaton's department store chain. In terms of the number of visitors, the shopping mall is Toronto's top tourist attraction. and Toronto-Dominion Centre in Toronto, Pacific Centre in Vancouver and Montreal Eaton Centre in Montreal. Cadillac Fairview is a public company listed on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CDF. Visit Cadillac Fairview's web-site at www.cadillacfairview.com. |
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