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Tanger Outlets president stepping down

Greensboro-based Tanger Factory Outlets said that President/COO Thomas McDonough plans to retire at the end of 2019.

Tanger Factory Outlet Centers operates and owns 40 outlet shopping centers, including two North Carolina locations in Mebane and Blowing Rock.

"I want to acknowledge and thank Tom for his many contributions at Tanger over the nine years he was part of the team, and we wish him all the best," said CEO Steven Tanger. "We have a history of successful transformations and a willingness to innovate and reinvent our business. We believe we now have the opportunity to enhance our leadership team, adding fresh outside perspective to further strengthen the business."

The Company has retained a leading global search firm to help fill the position.

Other Tanger properties are located in 20 states and Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 510 different brand name companies.