CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
The Board of Directors of CBL & Associates Properties, Inc. (NYSE: CBL),
today announced that Farzana Mitchell has succeeded John Foy as Chief
Financial Officer. Foy will remain in the near term as executive Vice
Chairman to provide continuity through this important transition. In
addition, the Board announced that Katie Reinsmidt has been promoted to
the new position of Senior Vice President – Investor Relations and
Corporate Investments.
CBL’s Vice Chairman John N. Foy commented, “I am proud to have played a
key role in the growth of CBL over the years. Farzana and I have led the
Company’s financing activities since she joined CBL 12 years ago, and I
have always been impressed by her insight and creativity. I am confident
that with her expert guidance, CBL will continue to achieve great
success.”
“We are pleased to recognize Farzana’s leadership, work-ethic and vision
with this promotion to Chief Financial Officer,” said Stephen Lebovitz,
president & chief executive officer. “Farzana and John have worked
together to execute the Company’s financial strategy and we are certain
that her expertise will prove to be valuable going forward. Since
joining CBL in 2000, Farzana’s business acumen and deep financial
knowledge have been an important resource as most recently exemplified
by the formation of the TIAA-CREF joint venture relationship. We are
certain that Farzana will make significant contributions to CBL’s
ongoing success. CBL has a very bright future and we are confident that
we have strong and capable leadership in place to guide our financial
growth.”
Lebovitz added, “We are also excited to promote Katie to Senior Vice
President – Investor Relations and Corporate Investments. Since joining
the Company in 2004, Katie has assumed progressive levels of
responsibility, becoming a key contributor in CBL’s major transactional
and capital markets activity. She is very well-respected throughout Wall
Street, and we are pleased to recognize her many accomplishments with
this promotion.”
“I would like to extend our gratitude to John for his many years of
commitment to our Company’s success as its CFO,” said Charles B.
Lebovitz, chairman. “Throughout his more than 40 years with CBL and its
predecessor company, John’s ingenuity and creative mind have shaped the
growth experienced over this time. We are pleased that CBL will continue
to benefit from John’s know-how as executive Vice Chairman.”
About Farzana Mitchell
Farzana Mitchell joined CBL in September 2000 as Senior Vice President –
Finance and was promoted to Executive Vice President – Finance in
January 2010. Prior to joining the Company, Mitchell spent 18 years at
Equitable Real Estate and its predecessor in various senior financial
positions. From 1976 to 1982, Mitchell held the position of Assistant
Treasurer of IRT Properties Company, a former REIT. She serves on the
Board of Commissioners and Finance Committee of the Chattanooga
Metropolitan Airport Authority. She is a certified public accountant,
licensed in the state of Georgia.
About Katie Reinsmidt
Katie Reinsmidt joined CBL in 2004 as Director of Investor Relations and
was promoted to Director – Corporate Communications and Investor
Relations in 2008 and to Vice President – Corporate Communications and
Investor Relations in 2010. Prior to joining CBL, she served as
Associate Analyst at A.G. Edwards & Sons at its corporate headquarters
in St. Louis, MO, where she provided research coverage for retail,
healthcare and lodging REITs. Reinsmidt also serves as a Trustee for the
City of Chattanooga General Pension Board.
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls
and shopping centers in the United States. CBL owns, holds interest in
or manages 164 properties, including 95 regional malls/open-air centers.
The properties are located in 28 states and total 93.4 million square
feet including 9.4 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.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws.Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated.Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements.The reader is directed to the
Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K
and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" included therein, for a discussion of such risks
and uncertainties.
CBL & Associates Properties, Inc.
Katie Reinsmidt,
423-490-8301
Senior Vice President - Investor Relations & Corporate
Investments
katie_reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.