Press Release

Crombie REIT Announces Appointments to Leadership Team

Company Release - 3/28/2019 8:00 AM ET

NEW GLASGOW, NS, March 28, 2019 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that Clinton Keay is joining the company as Chief Financial Officer and Secretary, effective May 15, 2019.

Mr. Keay is currently Executive Vice President IT and Transformation for Sobeys Inc., where he oversees company efforts to restructure the way it does business. Mr. Keay is a Chartered Professional Accountant (CPA) who joined Sobeys in 1989 and held a number of progressively senior finance roles before being appointed Senior Vice President & Chief Information Officer in 2002, Executive Vice President Finance for Empire Company Limited in 2014, and Interim Chief Financial Officer at Sobeys Inc. (July 2016-April 2017), before assuming his current role. Mr. Keay is a Business Administration graduate of St. Francis Xavier University with an Honours in Accounting.

"We are extremely pleased to welcome Clinton to Crombie" says Crombie President and CEO, Don Clow, FCPA. "Clinton knows our business well, has strong relationships with our strategic partner, Sobeys, possesses very strong leadership and collaboration skills and has a wealth of experience in finance and information technology."

Mr. Keay fills the position currently held by Glenn Hynes, FCPA, who was appointed Crombie's Executive Vice President (EVP) and Chief Operating Officer (COO) in November 2018, as part of Crombie's leadership renewal.

Crombie recently welcomed Arie Bitton and Kara Dort to the leadership team. Mr. Bitton joined Crombie as Senior Vice President, Leasing and Operations, a role created in November 2018 to align Crombie's talent with its strategic priorities, emphasize national leadership, and maximize focus and efficiency in our critical leasing and operations functions. Mr. Bitton has an extensive background in the real estate industry, most recently holding the position of Vice President Real Estate at Shoppers Drug Mart/Loblaw Companies Ltd., and is a graduate of York University, with an Honours in Business & Society.

Kara Dort recently joined our team as Vice President, Accounting and Financial Reporting. A CPA with over 14 years of extensive experience in financial reporting, and a proven track record in retail financial leadership, Ms. Dort spent over ten years with Sobeys Inc. and was most recently Vice President, Finance and Strategy for Nova Scotia Gaming Corporation. Currently enrolled in Harvard Business School's Certificate of Management Excellence Program, Ms. Dort holds a Bachelor of Business Administration degree from St. Francis Xavier University. Ms. Dort fills the vacancy left by the upcoming retirement of Ken Turple.

About Crombie

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com.

 

SOURCE Crombie REIT

Media Inquiries : Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary, 902-755-8100