InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust, has appointed Stuart Aitken to the board of directors. Aitken is a technology and marketing executive who currently serves as group vice president of The Kroger Co. and chief executive officer of 84.51°, a wholly owned data analytics subsidiary of The Kroger Co.
“Stuart brings with him an extensive background in technology, marketing and executive operating experience for large organizations,” said Thomas McGuinness, president and chief executive officer of InvenTrust. “We are excited by the years of relevant industry experience in retail and consumer data analytics that Stuart will bring to the InvenTrust board.”
Aitken has served as CEO of dunnhumbyUSA, a predecessor organization to 84.51°. Prior to that, he served as executive vice president and chief marketing officer for arts-and-crafts retailer Michael’s Stores. Previously, he led marketing strategies, loyalty marketing, data analytics, innovation and category management at Safeway Inc. for nearly a decade.
Aitken received a bachelor’s degree and master’s degree in information management from Queen Margaret University and University of Strathclyde, respectively.
InvenTrust Properties, formerly known as Inland American Real Estate Trust, focuses on acquiring open-air retail centers in growth markets. The offering was declared effective in August 2005 and closed in April 2009 after raising $8.4 billion, according to Summit Investment Research. The company became a self-managed REIT in 2014 and oversees a $3.9 billion portfolio of 71 retail properties, as of the fourth quarter of 2017, according to Summit Investment Research.