Saul Centers, Inc. Appoints D. Todd Pearson as President and Chief Operating Officer
May 11, 2021 at 02:32 am IST
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On May 7, 2021, the Board of Directors of Saul Centers, Inc. appointed D. Todd Pearson to be President and Chief Operating Officer of the Company effective immediately. Mr. Pearson has worked at the Company since 2005 previously serving as Executive Vice President – Real Estate since October 2019; Senior Vice President Acquisitions and Development from 2017 to 2019; Vice President Acquisitions and Development from 2011 to 2017; Vice President and Director of Internal Audit in 2010 and Director of Internal Audit from 2005 to 2009. In consideration of Mr. Pearson’s service as President of the Company, the Compensation Committee approved, effective May 7, 2021, an annual base salary for Mr. Pearson of $650,000. Mr. Pearson is eligible for a bonus at the discretion of the Compensation Committee and is entitled to participate in the Company’s benefit programs applicable generally to employees and officers.
The Company’s former President, B. F. Saul II, who served in that position since October 2019, will continue to serve the Company as Chairman of the Board and Chief Executive Officer.
Saul Centers, Inc. is a real estate investment trust (REIT). The Company conducts all its activities through its subsidiaries, the Operating Partnership and Subsidiary Partnerships, engaged in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties, primarily in the Washington, DC/Baltimore metropolitan area. The Company operates through two business segments: Shopping Centers and Mixed-Use Properties. The Company operates and manages a real estate portfolio of over 57 operating properties, totaling approximately 9.8 million square feet of gross leasable area (GLA), and four development properties. The operating property portfolio is composed of 50 neighborhood and community shopping centers, and seven mixed-use properties totaling approximately 7.9 million and 1.9 million square feet of GLA, respectively.
SAUL CENTERS, INC. 
