(Bloomberg) Brixmor Property Group Inc. shares plunged after Chief Executive Officer Michael Carroll and two other executives resigned following a discovery by the company’s audit committee that employees were “smoothing” income to make quarterly results more consistent.

The New York-based shopping-center landlord named Daniel Hurwitz, former CEO of DDR Corp., as interim CEO. He also will be appointed to the company’s board of directors, Brixmor said in a statement Monday.

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