Equity CEO Jeffrey Olson Resigns; David Lukes Named Successor

(RTTNews) - Equity One, Inc. (EQY) said MOnday that Jeffrey Olson has resigned as Chief Executive Officer and director of the company and that David Lukes has been appointed Chief Executive Officer and director of the Company, effective immediately.

Olson will serve as an officer of the company until August in order to ensure an orderly transition in leadership. The changes are consistent with announcements made by the company earlier this year with respect to Olson's decision not to renew his employment contract at the end of 2014 and the naming of Lukes as the company's next Chief Executive Officer.

Equity One also said that it has entered into a new agreement with the Chairman of its Board of Directors, Chaim Katzman, pursuant to which Katzman will continue to serve as the company's Chairman through December 2017.