General Growth Properties Appoints Debra Cafaro to Board of Directors
March 29 2010 - 5:10PM
Business Wire
General Growth Properties, Inc. (NYSE: GGP) today announced that
Debra A. Cafaro has been named to GGP’s Board of Directors. She
will serve on GGP’s Capital Committee.
Ms. Cafaro is Chairman, President and Chief Executive Officer of
Chicago-based Ventas, Inc. (NYSE: VTR), an S&P 500 company, one
of the nation’s leading healthcare real estate investment trusts
and one of the largest REITs in the country by equity market
capitalization. Ms. Cafaro is also Chair of the National
Association of Real Estate Investment Trusts (NAREIT™), the
representative voice for U.S. REITs.
“We are honored to welcome Debra to GGP’s Board of Directors,”
GGP Chief Executive Officer Adam Metz said. “She brings focus on
stakeholder interests and sound judgment to our Board. Her proven
skills as chief executive of Ventas, including experience with
strategic decision making and corporate restructurings, provide her
with critical knowledge of the issues GGP is facing as we continue
to position GGP for emergence from bankruptcy.”
Ms. Cafaro joined Ventas as Chief Executive Officer and
President in 1999 and was appointed Chairman of the Board in 2003.
From 1997 to 1998, she served as President and a director of
Ambassador Apartments, Inc., a multifamily REIT. In addition to her
role at NAREIT™, Ms. Cafaro is a director of Weyerhaeuser Company,
one of the world’s largest integrated forest products companies; a
director of World Business Chicago, Chicago’s not-for-profit
economic development corporation chaired by Mayor Richard M. Daley;
and a member of the Real Estate Roundtable. Ms. Cafaro is admitted
to the Bar in Illinois and Pennsylvania. Ms. Cafaro received her
J.D. cum laude from the University of Chicago Law School and her
B.A. magna cum laude from the University of Notre Dame.
The appointment of Ms. Carafo, an independent director, brings
the number of directors of GGP to nine.
ABOUT GGP
GGP currently has ownership interest in, or management
responsibility for, over 200 regional shopping malls in 43 states,
as well as ownership in planned community developments and
commercial office buildings. The Company’s portfolio totals
approximately 200 million square feet of retail space and includes
over 24,000 retail stores nationwide. The Company’s common stock is
traded on the New York Stock Exchange under the symbol GGP.
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