Brixmor Hires Kimco COO; Kimco Names Successor

NEW YORK CITY-Brixmor Property Group said Monday it had hired Michael Pappagallo as president and CFO, effective on May 20. Simultaneously, Kimco Realty Corp., Pappagallo's soon-to-be former employer, said it had named his replacement, promoting Conor Flynn to EVP and COO.

Brixmor CEO Michael Carroll says in a release that Pappagallo will bring “considerable operational expertise, deep capital markets knowledge and extensive retailer and industry relationships that will benefit our organization.” In his new role, Pappagallo will play a key role in executing Brixmor's long-term business and capital markets strategy, and as CFO will oversee property operations, information technology, acquisitions / dispositions and investor relations efforts.

Pappagallo served as Kimco's COO for three years, following a 13-year stint as its CFO. Before that, he was CFO at G.E. Capital's Commercial Real Estate Financing business. He notes in a statement that he's been “impressed with Brixmor's progress over the past few years as it has aggressively invested in the business, repositioned the portfolio and strengthened its brand.”   

In a statement, Kimco CEO Dave Henry notes that his departing COO worked at the New Hyde Park, NY-based shopping center REIT for 16 years, “and the company wishes to recognize and thank him for his hard work and invaluable contributions to Kimco. All of us at Kimco wish Mike every success in his new role at Brixmor.”

A 10-year Kimco veteran, Flynn is currently president of the company's Western Region, managing a portfolio of 191 properties totaling 31.6 million square feet. He will relocate to Kimco's Long Island headquarters, and he assumes his new duties effective May 20.