DDR Names New President

DDR Corp., a retail REIT based in Beachwood, OH, named senior executive vice president and chief financial officer David J. Oakes as president of the company. He will continue as chief financial officer.

Oakes joined DDR in 2007 as executive vice president of finance and chief investment officer. He was promoted to senior executive vice president of finance and chief investment officer in December 2008, and chief financial officer in February 2010.

Oakes' experience prior to DDR included portfolio management at Cohen & Steers Capital Management as well as global investment research at Goldman Sachs.