EXHIBIT 99.1 PRESS RELEASE
Published on May 13, 2005
NEWS RELEASE
FOR RELEASE: IMMEDIATE
CONTACT: Frank Marchisello
(336) 834-6834
TANGER ELECTS DIRECTORS AND OFFICERS
Greensboro, NC -- May 13, 2005. The Shareholders of Tanger Factory Outlet
Centers, Inc. (NYSE:SKT) at its Annual Shareholders Meeting on May 13, 2005,
elected the following directors to serve for the ensuing year:
Stanley K. Tanger Chairman of the Board and Chief Executive Officer
Steven B. Tanger Director, President and Chief Operating Officer
Jack Africk Independent Director - Lead Director
William G. Benton Independent Director
Thomas E. Robinson Independent Director
Allan L. Schuman Independent Director
During a meeting of the Board of Directors held on May 13, 2005, the following
officers were elected to serve for the ensuing year:
Stanley K. Tanger - Chairman of the Board & Chief Executive Officer
Steven B. Tanger - President & Chief Operating Officer
Frank C. Marchisello, Jr. - Executive Vice-President, Chief Financial
Officer & Secretary
Willard A. Chafin - Executive Vice-President, Leasing, Marketing & Operations
Joseph H. Nehmen - Senior Vice-President, Operations
Carrie A. Warren - Senior Vice-President, Marketing
Kevin M. Dillon - Senior Vice-President, Construction & Development
Lisa J. Morrison - Senior Vice-President, Leasing
James F. Williams - Vice-President, Controller
Virginia R. Summerell - Vice-President, Treasurer & Assistant Secretary
The Company also announced the retirement of Rochelle G. Simpson, Executive Vice
President of Administration and Secretary, effective May 31, 2005. Rochelle was
the Company's first employee, beginning her career with Tanger in January of
1981 as Chief Accountant to Stanley K. Tanger, the Company's Founder and Chief
Executive Officer. "Rochelle has provided indispensable assistance in the
development of our Company and has been a tremendous inspiration to all our
employees. Her passion for our Company has helped us grow over the years,"
stated Stanley K. Tanger, Chairman of the Board and Chief Executive Officer.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a fully integrated,
self-administered and self-managed publicly traded REIT, presently has ownership
interests in or management responsibilities for 33 centers in 22 states coast to
coast, totaling approximately 8.7 million square feet of gross leasable area.
For more information on Tanger Outlet Centers, visit our web site at
www.tangeroutlet.com.
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