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Update: RioCan REIT Executive Change

RioCan Real Estate Investment Trust (OTCPK:RIOCF) recently announced that it has appointed Cynthia Devine as Chief Financial Officer starting March 16 this year, concluding a 3 month long search. Previously, Ms. Devine was the CFO of Tim Hortons from 2003 to 2014. Following Tim Hortons' merger with Burger King to form Restaurant Brands International, some members of Tim Hortons' management team ceded their positions. She was also an executive at Maple Leaf Foods and Pepsi-Cola Canada and a member of the Board of Directors at ING Direct Canada.

We are pleased with the recent hiring given her excellent background and understanding of RioCan's tenant's operations and concerns. Ms. Devine is also a director of Empire Company Limited, the parent company to several major Canadian food retail chains, including Sobeys, Safeway Canada, FreshCo, Foodland, and Price Chopper. Empire is also the parent of Crombie REIT, a retail REIT.

As we mentioned… Read More …