Tanger Factory Outlets Centers, Inc. announced the implementation of the executive succession plan initially outlined in April 2020. As of January 1, 2021, Steven B. Tanger has transitioned to Executive Chair of the company's Board of Directors, effective through January 1, 2024. David B. Henry, previously Non-Executive Chair of the Board, has been appointed to Lead Director. Previously, Mr. Tanger was a Trustee of the International Council of Shopping Centers (ICSC), a Director of The Fresh Market, a member of the Real Estate Roundtable and a Director and Member of the Executive Committee of the National Association of Real Estate Investment Trusts (NAREIT).