Andrew Juster, a key financial executive at Simon Property Group and its predecessor companies for the past three decades, plans to retire at the end of the year, the company announced this week.
Juster, 65, has been chief financial officer at Indianapolis-based Simon, the country’s largest shopping mall operator, since 2014 and an executive vice president since 2008. He served as Simon’s treasurer from 2001 to 2008.
Juster joined the company in 1989 when it was known as Melvin Simon & Associates.
"It has been an honor working with Andy, and I could not have asked for a better partner throughout his long-standing tenure," Simon Chairman and CEO David Simon said in written comments. "Andy's tireless dedication and professionalism, combined with his unparalleled expertise, have been an integral part of developing our industry-leading balance sheet. I have been able to count on Andy through thick and thin, and I know that he will be missed by all of his colleagues at Simon, as well as by the numerous individuals outside of our organization who have had the pleasure of working with Andy for nearly 30 years."
With a market capitalization of more than $50 billion, Simon is the country's second largest real estate investment trust.
Simon shares were down 70 cents Thursday morning, to $153.64 each, and have fallen 10.5 percent since the beginning of the year.