David B. Henry, CEO of Kimco Realty Corp., Nominated for ICSC Chairmanship

The International Council of Shopping Centers (ICSC) announced that David B. Henry, vice chairman and CEO of Kimco Realty Corp., North America’s largest owner of neighborhood and community shopping centers, with 150 million square feet of leasable space across 45 states, Puerto Rico, Canada, Mexico and South America, has been selected by ICSC’s Board of Trustees nominating committee to serve as the association’s chairman for the 2011–2012 term. If, as expected, Henry is elected at ICSC’s annual meeting of members in May, he will succeed William S. Taubman, COO of Taubman Centers, and become the association’s 52nd chairman.

Henry, an ICSC trustee, brings three decades of capital markets industry experience to the post. He has been active in many areas of ICSC since 2001, when he joined both Kimco and ICSC. Henry has contributed to the association’s educational programs, including the University of Shopping Centers and the debt-workout seminars, and also serves on the board of the ICSC Foundation. "ICSC is a great organization, and I am honored by this nomination," said Henry. “ICSC is unusual in that it represents not just shopping center landlords, but also tenants, financers and municipalities and there’s no other property type that I know of where the trade association is an umbrella organization for all of those key constituents. I think it’s important that we continue to be a very meaningful organization for everybody that touches the retail industry,” Henry added.

“Henry is an exceptional candidate, given his strong institutional and financial background coupled with his prominent place in the shopping center industry,” said Michael P. Kercheval, ICSC’s president and CEO. “He will be a great asset to ICSC during this pivotal point of recovery in the economic cycle,” Kercheval added.
At Kimco Henry helps lead a company that owns (in some cases with partners) some 800 centers in the U.S., about 60 each in Canada and Mexico, plus others in Brazil, Chile and Peru. In Mexico Kimco is the largest retail real estate landlord.

“Kimco has thrived in good and bad times with David Henry's financial acumen, and in his new ICSC leadership role, our entire industry will benefit,” said Past Chairman Gary D. Rappaport, SCSM, SCMD, SCLS, CDP, president and CEO of The Rappaport Cos. and chairman of ICSC’s nominating committee.
Before joining New Hyde Park, N.Y.–based Kimco nearly 10 years ago, Henry rose to chief investment officer at GE Capital Real Estate, where he served for 23 years. Before that, he was vice president of Republic Mortgage Investors, a Coral Gables, Fla., REIT.

Henry, 61, was born in New York City. He received a Bachelor of Science in business administration from Bucknell University in 1971 and an MBA from the University of Miami in 1973. He is the father of eight children and lives in Greenwich, Conn., with his wife, Sue Ellen.

on January 24, 2011