Equity One makes CEO change official; chairman to stay through 2017

|About: Equity One Inc. (EQY)|By:, SA News Editor

As previously announced, Equity One (EQY) CEO Jeffrey S. Olson is leaving to become the CEO of Vornado's shopping center spinoff.

David R. Lukes, who has previously worked as the CEO of Mall Properties, Inc., as well as a Sears-affiliated real estate trust, is replacing Olson, and will also take his board seat.

Equity One also announces it has reached a new deal with chairman Chaim Katzman, under which he'll remain at his current job through Dec. 2017.