Tanger® (NYSE:SKT), a leading owner and operator of outlet and other open‑air retail shopping destinations, today announced a planned transition in the leadership of its Board of Directors, effective at the Company's 2026 Annual Meeting of Shareholders on May 8, 2026.

At the meeting, Steven B. Tanger will retire from his role as Chair of the Board and assume the title of Chair Emeritus, marking the culmination of 40 years of leadership and service to the Company. Luis Ubiñas, an independent director, will succeed him as Non‑Executive Chair of the Board. At the same time, Bridget Ryan-Berman will conclude her service as Lead Independent Director and continue to serve on the Board.