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WP Glimcher

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Executive Profiles

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Mark S. Ordan

Executive Chairman

Mark S. Ordan

Mark S. Ordan is Executive Chairman of the Board of WP GLIMCHER, a role he assumed in January 2015. Previously, Mr. Ordan served as the Chief Executive Officer of Washington Prime Group Inc., which acquired Glimcher Realty Trust to become WP GLIMCHER. Before that, he served as the Chief Executive Officer of Sunrise Senior Living, where he led the company's turnaround and later its sale to Health Care REIT and KKR.

Prior to Sunrise, Mr. Ordan was the Chief Executive Officer of The Mills Corporation. During his tenure, he oversaw The Mills' turnaround and later the sale of The Mills to Simon Property Group, Inc. and Farallon. Before leading The Mills, he was the Chief Executive Officer of Sutton Place Markets, which he recreated as Balducci’s. Mr. Ordan also spent several years in the equities division of Goldman Sachs & Co., where he focused on the New York City real estate market.

Mr. Ordan has served on numerous corporate boards including Federal Realty Investment Trust where he served as a Trustee for 10 years including five years as Chairman. Mr. Ordan currently serves on the U.S. Chamber of Commerce Board and on the Executive Committee of the Economic Club of Washington, DC. In addition, he serves on the Board of Directors of SEED, a charter school dedicated to the belief that every student should have access to quality educational opportunities. Mr. Ordan served on the Vassar College Board of Trustees for 15 years and continues to serve on its investment committee.

Mr. Ordan received his Bachelor of Arts in Philosophy from Vassar College and his Master’s in Business Administration from Harvard Business School.

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Michael P. Glimcher

Vice Chairman and Chief Executive Officer

Michael P. Glimcher

Michael P. Glimcher is Vice Chairman of the Board and Chief Executive Officer of WP GLIMCHER, a role he assumed in January 2015. Prior to that, Mr. Glimcher served as Chairman of the Board and Chief Executive Officer of Glimcher Realty Trust for a decade.  During his time at Glimcher Realty Trust, Mr. Glimcher focused on the Company's transformation into a premier mall real estate investment trust (REIT).  He also served as Executive Vice President before becoming President of the Company in 1999 and was a Trustee since 1997.  Glimcher Realty Trust was acquired by Washington Prime Group Inc. to form WP GLIMCHER in January 2015.

Mr. Glimcher sits on the Board of Directors for M/I Homes, Inc., and is a member of the Board of Governors for the National Association of Real Estate Investment Trusts (NAREIT), where he serves as Chair of the Audit/Investment Committee.  He is a member of the Real Estate Roundtable in Washington, D.C. and serves as a Trustee of the Arizona State University Foundation and the Wexner Center for the Arts.  He is also a member of the Columbus Partnership and the Governing Committee of The Columbus Foundation.

 

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Mark E. Yale

Executive Vice President and Chief Financial Officer

Mark E. Yale

Mark E. Yale is Executive Vice President and Chief Financial Officer of WP GLIMCHER. In this position, Mr. Yale is responsible for the organization’s financial management and reporting. He oversees accounting, finance, investor relations, marketing, and information services. Mr. Yale assumed the role in January 2015 and was previously the Executive Vice President, Chief Financial Officer and Treasurer of Glimcher Realty Trust, which was acquired by Washington Prime Group Inc. to become WP GLIMCHER in January 2015.

Previously, Mr. Yale served as Manager of Finance and Chief Financial Officer of Storage USA, a division of General Electric (GE) Real Estate of Memphis, Tennessee. Prior to the acquisition of Storage USA Inc. by GE Real Estate in 2002, Mr. Yale was Senior Vice President for Financial Reporting at Storage USA. His experience at Storage USA encompassed the areas of financial reporting, capital formation, strategic planning and productivity improvement. Mr. Yale also successfully managed the company’s financial and accounting functions through the acquisition integration. Prior to joining Storage USA, he was a Senior Manager with PricewaterhouseCoopers LLP in Baltimore, Maryland.

Mr. Yale holds a Bachelor of Science from the University of Richmond. He is a member of the board of directors for the Wexner Heritage Center and the executive committee of the Leukemia and Lymphoma Society’s Light the Night Walk.

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C. Marc Richards

Chief Administrative Officer

C. Marc Richards

C. Marc Richards is Chief Administrative Officer of WP GLIMCHER, a role he assumed in January 2015. Mr. Richards formerly served as Chief Financial Officer for Washington Prime Group Inc., which acquired Glimcher Realty Trust to become WP GLIMCHER in January 2015. Before that, he was the Chief Financial Officer for Sunrise Senior Living, where he had previously served as the Chief Accounting Officer.

Before joining Sunrise Senior Living, Mr. Richards was a Vice President with JE Robert Companies and functioned as the controller for JER Investors Trust, a publicly traded REIT that invests in real estate loans, commercial mortgage backed securities and other structured financial products. He also served as Vice President and Corporate Controller of Republic Property Trust, a publicly traded owner, operator and redeveloper of commercial office buildings in the Metropolitan DC area.

Mr. Richards received his Master’s degree in Taxation from Old Dominion University, Master’s of Science degree in Accounting from Strayer University, and Bachelor’s degree from George Mason University. He is also a Certified Public Accountant and maintains professional affiliation with the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.

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Butch M. Knerr

Chief Operating Officer

Butch M. Knerr

Butch M. Knerr is Chief Operating Officer of WP GLIMCHER, a role he assumed in January 2015. Previously, Mr. Knerr served as the Executive Vice President and Chief Operating Officer at Washington Prime Group Inc., which acquired Glimcher Realty Trust to become WP GLIMCHER in January 2015. He oversees leasing, development, construction, and property management.

Mr. Knerr joined Washington Prime Group Inc. from Simon Property Group, Inc., where he served as Executive Vice President of Leasing from March 2009 to September 2014. Prior to that role, he served in numerous roles of increasing responsibility at Simon Property Group and its predecessor from July 1988 through March 2009.

Mr. Knerr holds a Bachelor of Science in Management from Indiana University and is a member of the International Council of Shopping Centers (ICSC).

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Robert P. Demchak, Esq.

Secretary and General Counsel

Robert P. Demchak, Esq.

Robert P. Demchak serves as Secretary and General Counsel of WP GLIMCHER, a role he assumed in January 2015. Previously, Mr. Demchak served as General Counsel of Washington Prime Group Inc., which acquired Glimcher Realty Trust to become WP GLIMCHER in January 2015.

Prior to joining Washington Prime Group Inc. in May 2014, Mr. Demchak served as Senior Vice President, Capital Markets Group/Legal of Simon Property Group, Inc., and prior to that, Vice President, Capital Markets Group of Simon Property Group from 2009-2013. Mr. Demchak has also worked as an Attorney at Morgan Stanley Mortgage Capital Holdings, an Associate at Kaye Scholer, and an Associate at Windels Marx Lane & Mittendorf.

Mr. Demchak holds a J.D. degree from St. John's University School of Law and a Bachelor of Arts degree in Psychology from the State University of New York at Albany.

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Thomas J. Drought, Jr.

Executive Vice President, Director of Leasing

Thomas J. Drought, Jr.

Thomas J. Drought, Jr. is Executive Vice President, Director of Leasing, of WP GLIMCHER. He assumed the role in January 2015 and previously held the same role at Glimcher Realty Trust, which was acquired by Washington Prime Group Inc. to become WP GLIMCHER in January 2015.

Mr. Drought is a member of the International Council of Shopping Centers (ICSC) and holds the designations of Certified Retail Property Executive and Senior Certified Leasing Specialist from ICSC.

Mr. Drought received a Bachelor of Arts in Business Administration from Southern Methodist University. He leads the Company’s involvement in Pelotonia, an annual non-profit bike event designed to support and raise awareness for cancer research at The Ohio State University James Cancer Hospital.

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Melissa A. Indest

Chief Accounting Officer and Senior Vice President, Finance

Melissa A. Indest

Lisa A. Indest is Chief Accounting Officer and Senior Vice President, Finance, of WP GLIMCHER. Previously, she held the same role at Glimcher Realty Trust, which was acquired by Washington Prime Group Inc. to become WP GLIMCHER in January 2015, where she also held the role of Vice President, Finance and Accounting. She oversees investor relations, financial reporting, strategic planning, lease accounting, credit, as well as corporate communications and marketing.

Prior to joining Glimcher in 2003, Ms. Indest served in various accounting and operational roles with Corporate Express of Cincinnati, Ohio, where she most recently held the title of President, Central Midwest Division. She began her career with PricewaterhouseCoopers LLP.

Ms. Indest received her Bachelor of Science degree from the University of Akron and is a Certified Public Accountant. She serves as Vice Chairperson on the board of directors for Lifeline of Ohio.

 

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Michael J. Gaffney

Senior Vice President, Head of Capital Markets

Michael J. Gaffney

Michael J. Gaffney is Senior Vice President, Head of Capital Markets, of WP GLIMCHER. Previously, Mr. Gaffney served as Senior Vice President, Head of Capital Markets, of Washington Prime Group Inc., which acquired Glimcher Realty Trust to become WP GLIMCHER in January 2015. Prior to that, he was Senior Vice President, Capital Markets Group, of Simon Property Group, Inc. since 2007. Mr. Gaffney also served in varying roles at the Mills Corporation, Compass Bank, Freddie Mac, Walker & Dunlop and Sovran Bank.

Mr. Gaffney holds a Bachelor of Science in Finance from the University of Richmond and a Master’s of Science in Real Estate from The Johns Hopkins University.

 

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Armand Mastropietro

Senior Vice President, Property Management

Armand Mastropietro

Armand Mastropietro is Senior Vice President, Property Management, of WP GLIMCHER. Previously, Mr. Mastropietro held the same role at Glimcher Realty Trust, which was acquired by Washington Prime Group Inc. to become WP GLIMCHER in January 2015. He has previously held several positions as General Manager prior to joining Glimcher in 1998, including eight years with General Growth Properties.

Mr. Mastropietro is a member of the International Council of Shopping Centers (ICSC) and holds the designations of Certified Retail Property Executive (CRX) and Certified Shopping Center Manager (CSM) from ICSC as well as serving on various ICSC governing committees.

Mr. Mastropietro received a Bachelor of Science in Business Administration from Youngstown State University.

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Victor H. Pildes

Senior Vice President, Development

Victor H. Pildes

Victor H. Pildes is Senior Vice President, Development, of WP GLIMCHER. Previously, Mr. Pildes held the same role at Glimcher Realty Trust, which was acquired by Washington Prime Group Inc. to become WP GLIMCHER in January 2015.

Prior to joining Glimcher in 2013, Mr. Pildes served as Vice President and Consultant for Centrum Partners of Chicago, Illinois. In addition, he has served as Senior Vice President at Westfield and Senior Vice President, Development at JMB/Urban Retail Properties Company, gaining experience in redevelopment activity, land acquisition, and development staff management.

Mr. Pildes holds a Master’s degree in Architecture, a Bachelor of Science in Architecture, and a Bachelor of Arts in Urban Geography, all from the University of Michigan.

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Grace E. Schmitt, Esq.

Senior Vice President, Human Resources

Grace E. Schmitt, Esq.

Grace E. Schmitt, Esq. serves as Senior Vice President, Human Resources, of WP GLIMCHER. She previously held the role of Vice President, Human Resources at Glimcher Realty Trust, which was acquired by Washington Prime Group Inc. to become WP GLIMCHER in January 2015.

Prior to joining Glimcher in 2007, Ms. Schmitt served in the human resources leadership role for Casto Management Services. Her experience includes work in the construction and retail sectors.

Ms. Schmitt, who is licensed attorney in the state of Ohio, holds a J.D. from The Ohio State University, College of Law, and a Bachelor of Arts of Business Administration from the University of North Texas.

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Paul Ajdaharian

Senior Vice President, Community Lifestyle Centers

Paul Ajdaharian

Paul Ajdaharian is Senior Vice President, Community Lifestyle Centers, of WP GLIMCHER. Prior to joining WP GLIMCHER in January 2015, Mr. Ajdaharian held the same position at both Washington Prime Group Inc., which acquired Glimcher Realty Trust to become WP GLIMCHER in January 2015, and before that, at Simon Property Group, Inc. since 1998.

Mr. Ajdaharian is a member of the International Council of Shopping Centers (ICSC) and is a Certified Leasing Specialist (CLS).

Mr. Ajdaharian received his Bachelor’s degree at Franklin and Marshall College.

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