Beachwood, OH-based Developers Diversified Realty Corporation (NYSE: DDR), the company's current EVP & CFO, Bill Schafer, is stepping down from his post, effective February 15, 2010. Schafer has served as the CFO of DDR since the company's IPO in 1993. Schafer joined DDR's predecessor entities as CFO in April 1992. Prior to DDR, Schafer worked for nine years at Pricewaterhouse.