| Senior Management | Mark E. Zalatoris
President & Chief Executive Officer | Mark E. Zalatoris was promoted to President and Chief Executive Officer in April 2008, having previously served as Executive Vice President and Chief Operating Officer from 2004 to 2008, and as Chief Financial Officer and Executive Vice President from 2000 to 2004. Prior to his responsibilities at Inland Real Estate Corporation, Mr. Zalatoris was an executive at Inland Real Estate Investment Corporation from 1985 to 2000 with primary responsibility for asset management and due diligence functions. Mr. Zalatoris has previously practiced as a certified public accountant, holds a general securities license, serves on the Board of Governors of the National Association of Real Estate Investment Trusts (NAREIT) and is a member of the International Council of Shopping Centers (ICSC). Mr. Zalatoris is a Chicago area native and received an undergraduate degree in finance in 1979 and a master’s of accounting science in 1981 from the University of Illinois at Champaign. |
| Brett A. Brown
Executive Vice President, Chief Financial Officer and Treasurer | Brett A. Brown is executive vice president, chief financial officer and treasurer of Inland Real Estate Corporation. Mr. Brown joined the Company as vice president and chief financial officer in May 2004 and was elected to his current position in 2008. From 2000 to April 2004, Mr. Brown served as the senior vice president of financial reporting for Great Lakes REIT, an Oak Brook, Illinois-based real estate investment trust listed on the New York Stock Exchange, and held various other executive positions in finance and accounting at Great Lakes and its predecessor from 1988 to 2000. Mr. Brown is a member of the American Institute of Certified Public Accountants and the Illinois Certified Public Accountants Society, as well as the National Association of Real Estate Investment Trusts (NAREIT) and the International Council of Shopping Centers (ICSC). Mr. Brown graduated from Northern Illinois University in 1986 with a bachelor’s degree in accounting. |
| D. Scott Carr
Executive Vice President and Chief Investment Officer | Scott Carr was appointed executive vice president and chief investment officer of Inland Real Estate Corporation in 2011, having previously served as senior vice president since 2008. Mr. Carr joined the Inland organization in 1987 and has served as president of Inland Commercial Property Management, Inc. (ICPM), a subsidiary of Inland Real Estate Corporation, since 1995. He oversees all aspects of property operations and leasing for Inland Real Estate Corporation’s portfolio of open-air neighborhood, community, power and lifestyle shopping centers and single-tenant retail properties, totaling approximately 14 million square feet of gross leasable area (GLA). Mr. Carr is a member of the International Council of Shopping Centers. He has achieved the professional designations of Senior Certified Shopping Center Manager and Senior Certified Leasing Specialist, and is also a licensed real estate broker in Illinois and Minnesota. |
| Beth Sprecher Brooks
Senior Vice President, General Counsel & Secretary | Prior to joining Inland Real Estate Corporation, Ms. Brooks served as senior counsel with the law firm of Shefsky & Froelich, Ltd., concentrating on the purchase, financing, development and leasing of retail shopping center projects. Ms. Brooks has vast experience in a broad range of areas in real estate, including acquisitions and sales, zoning work, leasing, and other areas of general corporate law. She is a member of the American Bar Association, Association of Corporate Counsel and International Council of Shopping Centers. |
| William W. Anderson
Vice President, Transactions | Vice president—transactions. Mr. Anderson became a full-time employee in July 2000. From 1996 to 2000, Mr. Anderson was employed by an affiliate of The Inland Group, Inland Real Estate Acquisitions, Inc., as an assistant vice president. Mr. Anderson's responsibilities included analyzing and negotiating the acquisition of shopping centers, apartments and net leased commercial properties. |
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| Board of Directors | Thomas P. D'Arcy
Chairman | Chairman of the board since April 2008 and an independent director since 2005. Member of the compensation and nominating and corporate governance committees. Mr. D'Arcy has over 20 years of experience acquiring, developing and financing all forms of commercial and residential real estate. In April 2012, Mr. D'Arcy became chief executive officer of American Realty Capital Healthcare Advisors, LLC, the external manager of American Realty Capital Healthcare Trust, Inc., a publicly registered, non-traded real estate investment program. From 2009 to April 2012, he served as president, chief executive officer and member of the board of directors of Grubb & Ellis Company, a commercial real estate services and investment company formerly listed on the NYSE. From 2004 to 2009, Mr. D'Arcy was a principal in Bayside Realty Partners, a private real estate company. From 2001 to 2003, Mr. D'Arcy was president and chief executive officer of Equity Investment Group, a private real estate company owned by an investor group. Prior to his tenure at Equity Investment Group, Mr. D'Arcy was from 1989 to 2000 chairman of the board, president and chief executive officer of Bradley Real Estate, Inc., a Boston-based REIT that was traded on the NYSE prior to the sale of the company. Mr. D'Arcy is a graduate of Bates College. |
| Daniel L. Goodwin
| Mr. Goodwin has served as a director since 2001 and previously served as our chairman of the board from 2004 to April 2008. Mr. Goodwin is a founder and the controlling stockholder, chairman of the board and chief executive officer of The Inland Group, Inc. (TIGI). A wholly owned subsidiary of TIGI has sponsored five REITs, including Inland Real Estate Corporation, and 84 real estate exchange private placements and over 400 limited partnerships, which altogether have raised more than $18 billion from 360,000 investors. TIGI and its affiliates have sponsored or own real estate investment and financial companies doing business nationwide with a presence in 46 states and managing assets in excess of $25 billion. Mr. Goodwin has over 35 years of experience in real estate and has overseen Inland companies operating the following businesses: investment, commercial real estate brokerage, real estate securities, land development, construction, and mortgage banking and lending. Mr. Goodwin also serves as the chairman of the board and chief executive officer of Inland Bancorp, Inc., a multi-bank holding company whose subsidiaries include residential and commercial mortgage companies, alternative real estate loan companies and full service banks. He also served on the board of directors of the Illinois State Affordable Housing Trust Fund, the Board of Governors of Illinois State Colleges and Universities, as chairman of the American National Bank of DuPage and was chairman of the board of trustees of Northeastern Illinois University. He currently serves as the chairman of the board of the DuPage Airport Authority and is vice chairman of the Benedictine University board of trustees. Mr. Goodwin is a licensed real estate broker and a member of the National Association of Realtors. |
| Joel G. Herter
Audit Committee Chairman | Independent Director since 1997,chairperson of the audit committee and member of the compensation and nominating and corporate governance committees. Mr. Herter is a senior consultant of Wolf & Company LLP, certified public accountants, where he has been employed since 1978. Mr. Herter's business experience includes providing accounting, auditing, tax and general business services including venture and conventional financing, forecasts and projections and strategic planning to a variety of industries. Mr. Herter is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society. Mr. Herter currently serves as a trustee of Elmhurst Memorial Hospital and Elmhurst College and as a director of Suburban Bank and Trust Company. |
| Heidi N. Lawton
Compensation Committee Chairman | Independent Director since 1994. Chairperson of the compensation committee, member of the nominating and corporate governance committee, and member of the audit committee. Ms. Lawton is the managing broker and principal of Lawton Realty Group, Inc., a full service commercial real estate brokerage, development and management firm, which she founded in 1989. Ms. Lawton has over twenty years of experience acquiring, developing and managing, as well as arranging financing for, large commercial properties. Her areas of expertise include acquisitions for property development, structuring real estate investments, property conversions and implementing value add strategies. Ms. Lawton has been licensed as a real estate professional since 1982 and currently serves as past president of the Northern Illinois Commercial Association of Realtors. |
| Thomas H. McAuley
| Independent director who has served on the Board since 2004 and is a member of the compensation,audit,and nominating and corporate governance committees. Mr. McAuley is formerly the president of Inland Capital Markets Group, Inc., a subsidiary of The Inland Group, Inc. (TIGI), a position that he held from May 2005 to December 2009. From 1995 to 2003, he was chairman and chief executive officer of IRT Property Company, an Atlanta, Georgia based real estate investment trust traded on the New York Stock Exchange. Prior to joining IRT, Mr. McAuley was a regional partner with Faison and Associates, a Charlotte, North Carolina real estate management and development company. He is a licensed real estate broker in Florida, Georgia and South Carolina. He currently serves on the boards of the Westervelt Company and the Bank of Atlanta. He previously served on the board of Forestar Group, Inc. Mr. McAuley has extensive experience in real estate investment, development, management, underwriting and financing, and in his career he has cultivated a large number of relationships throughout the nation's real estate industry. |
| Thomas R. McWilliams
Nominating/Corporate Governance Committee Chairman | Independent Director since April, 2005. Chairperson of the nominating and corporate governance committee and member of the compensation committee. Since 1968, Mr. McWilliams has been engaged in the brokerage and development of office, commercial and residential properties. Mr. McWilliams also serves as president of United Energy Associates, Inc., a privately held full service energy management company. Mr. McWilliams has been involved in real estate brokerage and development for over 35 years. During that time, he has developed in excess of $65,000,000 of commercial and residential properties and brokered in excess of $40,000,000 in sales. All of these development projects were financed by his own efforts with personal financial risks. |
| Joel D. Simmons
| Director since 2000. In April 2012, Mr. Simmons joined BGC Partners, Inc. (NASDAQ: BGCP) as Executive Managing Director of BGC Real Estate Capital Partners, a leading global provider of financial products and real estate sevices. From 2009 until April 2012, Mr. Simmons served as an executive vice president of Grubb & Ellis Company, a commercial real estate services and investment company formerly listed on the NYSE. Prior to joining Grubb & Ellis, Mr. Simmons was a partner at Cohen Financial, a national real estate financing company with an emphasis on the origination of commercial real estate loans. During his 25 years with Cohen Financial, Mr. Simmons structured and arranged more than $6 billion in capital for more than 850 commercial real estate transactions, including transactions involving large institutional lenders such as Allstate, Principal and John Hancock Life Insurance Company. Mr. Simmons is also a current member of the boards of Albany Bank & Trust Co. of Chicago, a Chicago based bank with assets of approximately $500 million, and Inland Bancorp of Oakbrook, Illinois. Mr. Simmons is a member of the International Council of Shopping Centers (ICSC) and the ICSC Illinois State Committee. |
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