Andrea Olshan to Step Down as Seritage CEO
Seritage Growth Properties announced that Andrea Olshan will step down from her roles as Chief Executive Officer, President, and member of the board of directors, effective April 11. Adam Metz, current chairman of the board, has been appointed as interim CEO and president.
The leadership transition comes as the retail and residential REIT continues to execute its shareholder-approved plan of asset sales. Since Seritage began reviewing strategic alternatives in March 2022, it has significantly reduced its portfolio from approximately 160 assets to just 15. As a result, the role of CEO has evolved, prompting the decision to change leadership.
“We thank Andrea for her considerable contributions over the last four years and her tireless work on behalf of Seritage and its shareholders,” said Metz.
