DDR Names David Oakes CEO of U.S. Shopping-Center Owner

DDR Corp., a U.S. shopping-center owner, named David J. Oakes as chief executive officer and a member of the board with immediate effect.

Oakes joined DDR in 2007 and became president and chief financial officer of the Beachwood, Ohio-based company in January 2013. He replaces Daniel Hurwitz, who stepped down as CEO and a director on Dec. 31.

“After a thorough and robust search process, the board is confident that David is the right person to lead DDR into the future,” Chairman Terry Ahern said in a statement.

DDR is an owner and manager of 415 shopping centers in 41 states and Puerto Rico.

Before it's here, it's on the Bloomberg Terminal.