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2 DDR directors to join Retail Value's board after spinoff

DDR Corp. directors Scott Roulston and Barry Sholem will step down from the company's board to join the board of Retail Value Inc., once the latter completes its spinoff from the shopping center real estate investment trust.

Roulston and Sholem, however, intend to remain on DDR's board until the 2019 annual shareholder meeting if the spinoff does not go through.

DDR said earlier that the spinoff of Retail Value would occur on or about July 1.