Steven B. Tanger
PRESIDENT & CHIEF EXECUTIVE OFFICER
TANGER FACTORY OUTLET CENTERS, INC. (NYSE: SKT)
Steven B. Tanger is the President, Chief Executive Officer, and a Director of Tanger Factory Outlet Centers, Inc. (NYSE: SKT). Mr. Tanger and his father Stanley K. Tanger (1923-2010), who originally founded the firm in 1981, successfully completed an initial public offering of the first factory outlet real estate investment trust (REIT) listed on the New York Stock Exchange on May 28,1993.
Mr. Tanger’s grandfather, Moe Tanger, founded Tanger-Creighton, Inc. in 1918. Stanley Tanger took over the business in 1948 and guided it through another three decades of growth. Steven Tanger joined Tanger-Creighton in 1970 immediately after completing college. Over the next ten years he had the unique opportunity to work with both his father and grandfather. During his tenure at Tanger-Creighton, he rose to the position of Executive Vice-President and Director. Mr. Tanger also served on the Board of Directors of National Student Marketing, Inc. from 1972-1980. After the sale of Tanger-Creighton in 1980, he founded S.B. Tanger & Company, an investment banking firm specializing in real estate syndication and venture capital. In 1985, Steven and Stanley Tanger joined forces once again, with Steven as Tanger Factory Outlet’s fourth employee. At that time, the Company had seven centers in six states totaling approximately 344,000 square feet.
In the past 32 years, Tanger Factory Outlets has grown to include 43 centers in 26 states and Canada, totaling approximately 12.9 million square feet, and hosts more than 185 million shoppers annually. The Company now has over 500 employees. Tanger Outlet Centers across the U.S. and Canada employ more than 40,000 people. On May 28, 2013, the company celebrated the 20th anniversary of its IPO by ringing the closing bell on the New York Stock Exchange.
Mr. Tanger currently serves on the Board of Trustees of the International Council of Shopping Centers (ICSC) ; the Board of Directors of The Fresh Market; is a member of the Real Estate Roundtable and is a Director and Member of the Executive Committee of the National Association of Real Estate Investment Trusts (NAREIT). Mr. Tanger received the Lifetime Excalibur Award from the American Cancer Society in 1996 for his efforts in the fight against breast cancer, which continues today. In April 2011, Mr. Tanger received the UJA-Federation of New York’s Annual Fashion Division Award of Excellence. The American Apparel & Footwear Association awarded Mr. Tanger the Excellence in Retail Award at the AAFA Image Awards benefiting the Madison Square Boys & Girls Club in May 2012. He has received numerous awards recognizing the highest level of civilian contribution to a state, including North Carolina’s Order of the Long Leaf Pine and, most recently, The Order of the Palmetto from the State of South Carolina.
A graduate of the University of North Carolina at Chapel Hill (’70 BS, Business Administration), Mr. Tanger also completed courses as part of the Executive Program at the Stanford University School of Business in 1977.