TBR BOARD OF DIRECTORS

MICHAEL P. KERCHEVAL
President and Chief Executive Officer
International Council of Shopping Centers

Michael P. Kercheval was recently named President and Chief Executive Officer of the International Council of Shopping Centers (ICSC), becoming only the third CEO in the association’s forty-four year history. He joined ICSC as Executive Vice President in January 2000 and was appointed Chief Operating Officer the same year. Mr. Kercheval is responsible for the day-to-day management of ICSC’s global operations and carrying out the association’s strategic objectives. Prior to joining ICSC, Mr. Kercheval was a senior executive at Lend Lease Real Estate Investments, an Australia-based global real estate company.

Following the completion of graduate work in economics at Columbia University, Mr. Kercheval joined the Equitable Life Assurance Society in 1982 as a Senior Economist in its investment research area. Over the years, he held a series of positions of consistently greater responsibility culminating with title of Senior Vice President and Portfolio Manager of Equitable’s U.S. $12 billion commercial mortgage portfolio. When Equitable merged its real estate operations with Lend Lease in 1997, Kercheval played a key role in the transition management team set-up by the two firms to bring together their 6,000 worldwide employees and effectively integrate operations.

Most recently, Kercheval served as Principal and CEO of Lend Lease Latin American Realty Advisors, Ltd, operating in Buenos Aires, Argentina and Santiago, Chile. A graduate of the University of Colorado with B.A. degrees in economics, and international affairs, Kercheval earned an M.A. in economics from Columbia University, New York, where he also completed the course work for a Ph.D. Mike, his wife, Dana and their two children live near Princeton, New Jersey.

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