Tanger promotes Thomas McDonough as president & COO

May 23, 2017 - United States Of America

Tanger Factory Outlet Centers, Inc., a famous real estate company, has announced that Thomas E. McDonough has been promoted as the president and chief operating officer, effective immediately. McDonough previously held the position of executive vice president and chief operating officer, and joined the company as executive vice president of operations.

In the new role, he will oversee the senior officers responsible for Tanger Outlets operations, construction and development, leasing and marketing functions. He will continue to report to Steven B. Tanger, chief executive officer.

Steven B. Tanger said, “Since joining Tanger Outlets in 2010, Tom has become a trusted colleague and advisor. He has been instrumental in the growth of our brand across the United States and Canada. Tom’s unwavering leadership and partnership with our entire executive team gives us great confidence in his ability to deliver strong results for our shareholders and retail partners.”

Prior to joining Tanger in August 2010, McDonough held various positions in the commercial real estate field including partner with Trammell Crow Company, chief investment officer with Equity One and national director of acquisitions and dispositions with Regency Centers. McDonough is a graduate of Stanford University and holds an MBA degree from Harvard Business School.

Thomas E. McDonough said, “We have a fantastic team at Tanger and I am humbled and proud to assume this new leadership role within our organisation. I am excited about the future of our company and the strength of our brand, and look forward to broadening our brand's success alongside my talented colleagues.” (GK)