CHICAGO, Aug. 2, 2011 /PRNewswire/ -- General Growth
Properties, Inc. (NYSE: GGP) ("GGP" or the "Company") is pleased to
announce the election of Mark R.
Patterson as the newest member of the GGP Board of
Directors. Mr. Patterson fills the vacancy left by
Sheli Z. Rosenberg who originally
planned to be on the board through GGP's emergence from
reorganization.
Mr. Patterson is currently chairman and chief executive officer
of Boomerang Systems, Inc., a manufacturer of automated robotic
parking and storage systems, where he's been since June 2010. Mr. Patterson was previously
managing director and head of Real Estate Global Principal
Investments at Merrill Lynch. Prior to joining Merrill Lynch, Mr.
Patterson spent 16 years at Citigroup. Mr. Patterson has more than
30 years of experience in real estate, investment banking and
accounting.
"I'm grateful Sheli agreed to extend her board responsibilities
beyond the Company's emergence. During her board tenure, she
was instrumental in forging GGP through a tumultuous time.
Her expertise was invaluable," said Sandeep Mathrani, chief executive officer of
General Growth Properties, Inc. "Mark joins the board as we
begin the next phase of exciting growth. His experience and
insight complement the financial acumen possessed by GGP's other
board members. I owe Sheli a tremendous thank you and wish
her well in all her endeavors and extend a welcome to Mark on
behalf of the entire Company."
ABOUT GGP
GGP is one of the nation's largest shopping center owners. GGP
has ownership and management interest in 166 regional and super
regional shopping malls in 43 states. The company portfolio
totals 169 million square feet of space. A publicly-traded
real estate investment trust (REIT), GGP is listed on the New York
Stock Exchange under the symbol GGP.
SOURCE General Growth Properties, Inc.