Indianapolis-based Simon Property Group has announced Melvyn Bergstein will retire from the board at the end of his term in May. Simon says the board has agreed to nominate Glyn Aeppel. The election will take place at Simon's annual meeting of stockholders May 11. Aeppel is president and chief executive officer of Connecticut-based Glencove Capital, which she founded in 2010. She previously served as chief investment officer of Andre Balazs Properties in New York.