WP Glimcher announced that Mark S. Ordan, currently the Executive Chairman of the Board, will transition to serve as an active non-executive Chairman of the Board and will provide consulting services to the Company under a transition and consulting agreement, effective as of January 1, 2016. Michael P. Glimcher will continue to serve as the Company's Vice Chairman and Chief Executive Officer. In addition, the Company expects a further reduction in overhead related to its Bethesda, MD-based transition operations led by Marc Richards, the Company's Chief Administrative Officer, who is currently anticipated to depart the Company upon substantial completion of the integration.

In addition to the Company's headquarters in Columbus, OH, WP Glimcher will be opening a new leasing, management and operations office in Indianapolis.