Longtime Simon Property CFO stepping down

Back to TopCommentsE-mailPrintBookmark and Share

The longtime chief financial officer of Simon Property Group Inc. is retiring.

Stephen Sterrett mugStephen Sterrett

Simon CEO David Simon announced Friday during a conference call with analysts that Stephen Sterrett, 58, will leave the company in March 2015 after a 26-year run with the world’s largest mall developer.

Sterrett’s service to the company has been immeasurable, Simon said during the call.

“It’s hard to overstate the contributions that Steve has made to our company,” he said. “And I know I speak for everyone when I say we will be sorry to see him go.”

A search for Sterrett’s replacement will be conducted within the next few months, Simon said.

Sterrett earned total compensation of $6.5 million in 2012, the most recent year for which executive pay is available.

Sterrett joined Melvin Simon & Associates Inc. in 1989, before the company went public in 1993 to become Simon Property Group. He became CFO in 2001.


  • Congratulations
    Congratulations, Cousin! We wish you the very best of the rest of your life. Nancy

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ