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DDR lays out restructuring plans, appoints new SVP

DDR Corp. announced its restructuring plans, which will result in 65 positions being abolished, including nine officer roles; a one-off charge of $7.2 million to earnings; and an annual reduction in general and administrative expenses of roughly $6 million.

In relation to the reorganization, the company has appointed Conor Fennerty as the senior vice president of capital markets reporting to CFO Matthew Ostrower.

Fennerty recently served as vice president, senior analyst at BlackRock Inc.