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Joseph S. Vassalluzzo

Non-Executive Chairman of the Board

Joseph Vassalluzzo serves as Non-Executive Chairman of the Board of Trustees at Federal Realty Investment Trust, a position he has held since February 2006. Mr. Vassalluzzo first joined our Board in 2002.

Previously, Mr. Vassalluzzo held various officer positions with Staples, Inc. and Staples Realty & Development, a subsidiary of Staples, Inc., from 1989 until 2005, most recently serving as Vice Chairman, where he had responsibility for overseeing domestic and international growth in its retail and commercial operations. Prior to that, he held executive positions at American Stores Co., Acme Supermarkets, Mobil Corp., and Amerada Hess Corp. Additionally, Mr. Vassalluzzo has served on a number of public company boards, including iParty Corp., Commerce Bancorp, Inc., and LifeTime Fitness, Inc. .and currently serves as the independent non-executive Chairman of the Board of Directors at Office Depot, Inc.

Mr. Vassalluzzo’s extensive background in retail and real estate, and his experience serving on the boards of multiple retailers provides the board and management with relevant expertise that is essential to our core business.