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BEACHWOOD, OHIO — Beachwood-based Developers Diversified Realty (DDR) has appointed David Oakes to senior executive vice president and chief financial officer. Most recently, Oakes served as senior executive vice president of finance, chief investment officer and interim chief financial officer. As CFO, he is responsible for the capital markets, budgeting, tax, investor relations, property and corporate accounting, audit and external reporting functions. Additionally, Oakes will continue to serve on the company’s executive, compensation and management committees and chair the investment committee. Oakes joined DDR as executive vice president of finance and chief investment officer in April 2007.