At the beginning of 2021, Yalof will succeed Steven B. Tanger as CEO, and Tanger will remain on the company’s board and will begin serving as executive chair. “I am incredibly excited about the future prospects for Tanger Outlets,” Yalof said. “I look forward to working alongside Steve and with the entire Tanger team as we continue to navigate the ever-evolving retail landscape.”

Yalof has led Simon Premium Outlets since 2014, and he also has worked for retailers for more than 20 years, including leadership roles at such companies as Ralph Lauren Corp. and Gap Inc. “Drawing on my background and experience, I believe we have numerous opportunities to maximize the long-term growth potential of the company as we work to create value for our tenants, investors and other stakeholders,” Yalof said.

Tanger’s 39 outlet properties total 14.3 million square feet.