CBL Properties Announces Retirement of COO Gus Stephas
September 04 2018 - 9:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced the retirement of Gus
Stephas, CBL’s EVP – Chief Operating Officer, rounding out a nearly
50 year career in the real estate industry.
“On behalf of CBL’s Board of Directors, employees and business
partners, I would like to recognize and thank Gus for his
dedication and contributions to CBL’s success over the years,”
stated Stephen Lebovitz, CBL’s Chief Executive Officer.
“Gus has contributed to CBL and the shopping center industry in
innumerable ways throughout his multi-decade career,” continued
Lebovitz. “Gus has been an integral part of CBL since its
formation, helping to hone the Company’s reputation as a
first-class manager of market-dominant centers. His innate
understanding of the business and his financial expertise have lent
a beneficial perspective to CBL’s leasing and operations, leading
to a stronger and more efficient organization. Gus is also known
for his gregarious management style, which has energized the
organization with a spirit of comradery and clearly demonstrated
his passion for the industry and CBL.”
Mr. Stephas’ retirement will conclude a nearly 50 year career in
the real estate industry, including 40 years with CBL and its
predecessor company. Mr. Stephas joined CBL’s predecessor company
as Controller at its formation in 1978. He was promoted several
times throughout his career and in 2010 was named Executive Vice
President and Chief Operating Officer. Prior to joining CBL, he was
affiliated with the shopping center division of Arlen Realty as an
accountant and later as assistant controller. He relocated from the
New York metropolitan area to Chattanooga in 1970 as part of the
merger of Arlen’s shopping center division with Independent
Enterprises, a Chattanooga-based developer of shopping centers.
The effective date of Mr. Stephas’ retirement will be December
31, 2018. Over the next few months, he will assist in the
transition of responsibilities to other members of CBL’s executive
team, including CBL’s EVP – Operations, Mike Harrison.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL's portfolio is comprised of
116 properties totaling 72.6 million square feet across 26 states,
including 74 high-quality enclosed, outlet and open-air retail
centers and 11 properties managed for third parties. CBL
continuously strengthens its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180904005120/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt,
423-490-8301Executive Vice President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director of Public Relations & Corporate
CommunicationsStacey.Keating@cblproperties.com
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