CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the
appointment of Thomas DeRosa to its Board of Directors. Mr. DeRosa fills
the vacancy resulting from the death in February 2010 of Claude M.
Ballard who served as a valued member of CBL's Board of Directors since
the Company’s initial public offering in 1993.
Mr. DeRosa is former Vice-Chairman and Chief Financial Officer of The
Rouse Company, a position he held from September 2002 until November
2004 when The Rouse Company merged with General Growth Properties, Inc.
Prior to his position with The Rouse Company, Mr. DeRosa held various
positions at Deutsche Bank and Alex. Brown & Sons, including Global
Co-Head of the Health Care Investment Banking Group of Deutsche Bank and
Managing Director in the Real Estate Investment Banking Group of Alex.
Brown & Sons.
“Tom is an outstanding addition and complement to our Board of
Directors,” said Charles B. Lebovitz, chairman of CBL & Associates
Properties, Inc. “We are confident that the extensive financial and
retail real estate expertise gained through his service as Vice-Chairman
and CFO of a major public shopping center company will be a tremendous
asset to the Board. We look forward to his many contributions.”
Mr. DeRosa is currently a director of Health Care REIT, Inc., a
NYSE-listed REIT focused on senior housing and health care real estate,
where is serves as Chairman of the Audit Committee. He also serves as a
director of Dover Corporation, a NYSE-listed global provider of
equipment, specialty systems and services for various industrial and
commercial markets and as a director of Value Retail PLC, a private UK
owner, operator and developer of high-fashion outlet shopping villages
in Europe.
Mr. DeRosa received a Bachelor of Science degree in Business
Administration from Georgetown University, where he currently serves as
a Trustee and as a member of the school’s Board of Directors, and also
received a Master of Business Administration degree from Columbia
University.
CBL is one of the largest and most active owners and developers of malls
and shopping centers in the United States. CBL owns, holds interests in
or manages 162 properties, including 86 regional malls/open-air centers.
The properties are located in 27 states and total 85.9 million square
feet including 2.2 million square feet of non-owned shopping centers
managed for third parties. Headquartered in Chattanooga, TN, CBL has
regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St.
Louis, MO. Additional information can be found at cblproperties.com.
Source: CBL & Associates Properties, Inc.
Contact:
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice
President - Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com