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| Stewart Stockdale Named Chief Marketing Officer of Simon Property Group and President of Simon Brand Ventures |
| INDIANAPOLIS, Sep 4, 2002 /PRNewswire-FirstCall via COMTEX/ -- Stewart
Stockdale has been named to the newly-created post of chief marketing officer of
Simon Property Group, Inc. and president of Simon Brand Ventures. As the chief
marketing officer, Stockdale will be responsible for all marketing related
businesses within Simon Property Group including Simon Brand Ventures, corporate
marketing, shopping center marketing, and Shopsimon.com.
"We're delighted to have someone of Stewart's caliber lead our marketing efforts," said David Simon, chief executive officer of Simon Property Group. "Our many marketing functions are being consolidated into one cohesive business unit which we believe will create significant opportunities for our company. We feel that Stewart has the right skill set to further enhance our industry-leading marketing efforts and progress." "I am excited to be heading the marketing efforts for Simon Property Group and monetizing the marketing potential of the vast Simon franchise," Stockdale said. Stockdale comes to Simon with extensive and impressive experience. Most recently, he was executive vice president and chief marketing officer of Conseco, Inc. He was the driving force behind Conseco's innovative 'Step Up' campaign which accelerated Conseco's brand awareness nationally. In 1998, the year Stockdale started at Conseco, national brand awareness for the company was eight percent. In three years, the figure zoomed to 66 percent. The 'Step Up' campaign earned several awards including best category commercial at the Cannes Festival. In 2002, the Financial Services Council of the Direct Marketing Association nominated Stockdale for Marketer of the Year. Prior to joining Conseco, Stockdale was senior vice president of Global Marketing and Product Management at MasterCard International. He has also held senior positions with such multinational companies as American Express, Citibank, and Procter & Gamble. Stockdale received a BA in marketing from the University of Denver and completed the executive program at the University of Virginia. Founded in 1997, Simon Brand Ventures has pioneered the transformation of shopping malls into a medium where consumer brands can build one-on-one relationships with more than 100 million shoppers who make more than 2 billion visits to Simon malls each year. Simon Brand Ventures has entered into strategic partnerships with more than 100 retailers and sponsors within the last year, including Cingular Wireless, Frito-Lay, Pepsi-Cola Company, Reebok and VISA U.S.A., to stage memorable brand experiences in Simon malls through a variety of media platforms. Drew Sheinman will report to Stockdale and continue to focus on business development for Simon Brand Ventures. Simon Property Group, Inc. (NYSE: SPG), headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership and management of income-producing properties, primarily regional malls and community shopping centers. Through its subsidiary partnerships, it currently owns or has an interest in 249 properties containing an aggregate of 186 million square feet of gross leasable area in 36 states, as well as eight assets in Europe and Canada. Additional Simon Property Group information is available at www.shopsimon.com .
SOURCE Simon Property Group, Inc.
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