Arthur Coppola Arthur Coppola

Arthur Coppola is planning to retire from his position as CEO and chairman of the board at Macerich Co., after 25 years in the position. He will continue to serve for the remainder of the year, with his retirement effective December 31, 2018. As such, he will not stand for reelection at the company’s upcoming annual meeting of stockholders. The company will begin a search for a permanent CEO to replace Coppola. In the interim, Steven Hash, the firm’s independent member of the board and the board’s lead independent director, will serve as independent chairman of the board in a non-executive role.