CBL & Associates Properties Announces the Appointment of Thomas J. DeRosa to Its Board of Directors
May 05 2010 - 12:00PM
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.
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