TrafficCourt

Industry news, views and occasional strange stuff.

Contributor

David Bodamer
David Bodamer has been Editor-in-Chief since May 2006. Prior to that, he served as Managing Editor. Before joining Retail Traffic, Bodamer served as associate editor and senior associate editor for Commercial...more

Centro’s Structure

David Bodamer May 10th, 2007

With the Centro/New Plan merger closing two weeks ago, Centro has unveiled its plans for streamlining operations.

For one thing, Watt Companies Inc. is out. Centro Properties Group and Watt have ended their joint venture thus Centro Watt will now be known simply as Centro.

New Plan CEO Glenn Rufrano, who is largely credited with righting New Plan’s ship after joining the company in 2000, will become Centro’s CEO of U.S. operations. A number of other top New Plan executives will remain with the firm including Michael Carroll, New Plan’s executive vice president of real estate operations, will be Centro’s U.S. executive vice president and COO, and Leonard I. Brumberg, New Plan’s executive vice president of portfolio management, who will retain that title with Centro.

Centro will also use a regional operating structure in the U.S. with eight offices located in Boston, Philadelphia, Atlanta, Orlando, Detroit, Chicago, Houston and Los Angeles.