DDR And CEO Daniel Hurwitz Finalize Separation - Quick Facts

(RTTNews) - DDR Corp. (DDR), an equity real estate investment trust, said Daniel Hurwitz and the Board of Directors have finalized a mutually agreed upon separation agreement whereby Hurwitz would remain an employee of the company until February 14, 2015. However, Hurwitz relinquishes his role as CEO and Director of DDR Corp., effective December 31, 2014.

Terry Ahern, Chairman of DDR Corp., remarked, "On behalf of the board, I would like to thank Dan for his 15 years of service to DDR. We have great confidence in the entire DDR executive team to continue to successfully execute our strategy as we progress through this period of transition."