The change takes effect on Jan. 1. Wright will relocate to Hong Kong, where Taubman Asia is based, and report to Robert Taubman, chairman, president and chief executive officer of Taubman.
“Paul’s significant relationships with global retailers and partners and his knowledge of the Asia market has been an important part of our business in the U.S. and abroad,” Taubman said. “This promotion is the natural next step for Paul, and his competencies will be essential as we prepare to open Starfield Anseong in South Korea in 2020 and evaluate other opportunities in the region.”
Wright has been reporting to William Taubman, chief operating officer and the brother of Robert Taubman. William will maintain ultimate responsibility for the global leasing function.
Wright first joined Taubman Asia in 2006 and last served as group vice president of leasing. He was instrumental in the leasing of the company’s ground-up development properties in China — CityOn.Xi’an, which opened in April 2016; CityOn.Zhengzhou, which opened in March 2017, and Starfield Hanam in South Korea, opened in September 2016.
Wright also led Taubman’s leasing efforts for the IFC Mall in South Korea. He was promoted to his current role and began working at Taubman’s Bloomfield Hills, Mich., office in early 2017. Wright’s leasing efforts in the U.S. included the redevelopment of Beverly Center in Los Angeles and The Mall at Green Hills in Nashville.
Prior to joining Taubman Asia, Wright worked with Citta Management Ltd. where he was responsible for leasing, property management and retail operations at the Taipei 101 Mall. He also held management roles with Lendlease Corp. in Asia and Jones Lang Wootton in Sydney and Perth, Australia, his native country. Wright speaks Mandarin Chinese and English.
Taubman Centers, a real estate investment trust, owns, manages and/or leases 26 regional, super-regional and outlet shopping centers in the U.S. and Asia.