Klépierre appoints new chairman of Supervisory Board

Following the passing of its chairman, David Simon, Klépierre’s Supervisory Board has unanimously appointed Stanley Shashoua as his successor.

Stanley Shashoua and Emmanuel Cronier

The Board also co-opted Emmanuel Cronier as a non-independent member for a one-year term. The Supervisory Board now consists of nine members: six independent directors and three representatives from Simon Property Group, including the chairman.

Stanley Shashoua has served on the board since 2015 and is president of International Real Estate of Simon Property Group. After beginning his career in finance and real estate, he joined Simon Property Group in 2013 as head of International Development before being appointed CIO.

Emmanuel Cronier, senior managing partner (Europe) for Simon Property Group, joined the company in 2008 and previously served as VP of the International Division and managing director. He brings over 30 years of experience across the real estate and industrial sectors, having held various management positions at firms including Unibail-Rodamco and General Electric. He began his career in 1994 at KPMG in audit and consulting roles.

Stanley Shashoua commented: “I am deeply honoured to assume the Chairmanship of Klépierre, succeeding David Simon, an exemplary and visionary leader whose legacy will continue to inspire us all. I am highly committed to pursuing the strategy David so thoughtfully established and to relentlessly driving continued operating excellence across the organisation. At the same time, we will remain firmly focused on maintaining Klépierre’s industry-leading balance sheet. I have full confidence in the management team to continue delivering sustained growth and creating long-term value for our shareholders.”

Klépierre’s portfolio was valued at €21.2 bn as of 31 December 2025, and includes major shopping centres in more than 10 countries across continental Europe.